ST. LOUIS, April 3 /PRNewswire/ -- MMS - A Medical Supply Company, one of the largest independent healthcare distributors, announced today that it has completed its acquisition of Henry Schein's Extended Care and Caligor Hospital Divisions.
The sale, announced in early March, closed on April 1, 2006 with financing through Merrill Lynch Capital. Terms of the deal were not disclosed. The additional business generated from the acquisition is expected to more than double the sales of MMS to approximately $340 million annually. The addition of these divisions furthers MMS' strategic expansion plan and gives MMS a major East Coast presence.
"The Extended Care and Caligor Hospital Divisions are well established in their markets. Adding their capabilities and services is expected to further enhance MMS' growing market position in the medical supply industry," said MMS Executive Vice President Tom Harris.
The two new divisions will operate under the continued leadership of Gina Marchese Vice President, General Manager of MMS Caligor. "We are very excited by the strategic and cultural fit between MMS and our company. Both companies perceive customer satisfaction and offering customer supply chain innovations as the way to win in the market," says Ms. Marchese.
"We are excited about the opportunity that this acquisition offers," said MMS President/CEO Gary Reeve. "By uniting these businesses, it allows MMS to continue to strengthen our goal of being a regional distributor with a national presence." About MMS Founded in 1970, MMS, formerly Midwest Medical Supply, is one of the largest independent regional healthcare distributors with a national presence. The company serves all of the specialized and diverse needs of the medical community with divisions dedicated to nursing homes, hospitals, physician practices, government facilities, specialty products, home care, pharmaceuticals industrial business and redistribution. The company is headquartered in St. Louis, Missouri with distribution facilities in Phoenix, AZ; Hartford, CT; Plant City, FL; Tamuning, GU; Broadview, Ill; Carmel, IN; Wichita, KS; Baton Rouge, LA; Secaucus, NJ; Houston, TX; and Salt Lake City, UT. For more information, visit http://www.mmsmedical.com/ About Caligor The Caligor Hospital Division and Extended Care Division service three major channels of healthcare Providers: hospitals, nursing homes and home care dealers. Previously a division of Henry Schein, Inc., (NASDAQ:HSIC), the business unit evolved from a series of focused acquisitions into a leading healthcare distributor in each of their market segments. Distribution is primarily concentrated in the New York, New Jersey and Connecticut, tri-state area. The company is headquartered in Pelham Manor, NY and supported by a 200,000 sq. ft. distribution center in Secaucus, NJ. For more information, visit http://www.caligorhospital.com/ and http://www.hsiextendedcare.com/. DATASOURCE: MMS CONTACT: Judi Boc of MMS, +1-314-291-2900 x2239, or +1-800-736-2115 x2239, or Web site: http://www.mmsmedical.com/ http://www.caligorhospital.com/ http://www.hsiextendedcare.com/
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