June 1, 2001
Gaymar Industries, Inc., a leading worldwide manufacturer of advanced medical devices headquartered in Orchard Park, N.Y., announced today that it has acquired Hanel, Inc., d/b/a Plexus Plexus - A modular World-Wide Web server written in Perl by Tony Sander. Comes with interfaces to allow many other information services to be served via the Web.
Version 3.0m 1994-07-22. Medical, an innovative manufacturer of specialty support surfaces, located in San Dimas, CA. Terms of the sale between the two private parties were not disclosed.
"Plexus Medical is an excellent addition to our growing line of pressure ulcer Pressure ulcer. Also known as a decubitus ulcer, pressure ulcers are open wounds that form whenever prolonged pressure is applied to skin covering bony outcrops of the body. Patients who are bedridden are at risk of developing pressure ulcers. management products," said A. Leigh Harrington, Gaymar's Chief Executive Officer. "The combined strength of complimentary products, and sales and distribution infrastructure, will allow us to further expand our presence in alternate care and global markets. The purchase of Plexus is an excellent strategic fit for Gaymar," Mr. Harrington continued.
Plexus Medical is a leading designer, manufacturer, and marketer of specialty mattress products used in the prevention and treatment of pressure ulcers. Plexus Medical was founded in 1995 by Brian Guthrie and Joanne Rischall-Guthrie. Plexus has pioneered the research and development of powered mattress replacement systems for use by patients in homecare, nursing home, and hospital settings worldwide. Core products include deep-cell mattresses, low-air-loss technology, lateral rotation systems, and bariatic products sold under the well established brand names:
CareMedx™, Aire Select™, Tru-Aire™, Air Express, Laughing A Lot, Los Angeles Lakers, Lithuanian Airlines, Lightning Activity Level (used for wildfire prediction)
Limulus Amoebocyte Lysate, Latitude and Longitude, Live and Learn†, Air Express APM (Advanced Power Management) A programming interface (API) from Intel and Microsoft for battery-powered computers that lets programs communicate power requirements to slow down and speed up components. See ACPI.
APM - Advanced Power Management™, Sure-Float™, Tru-Turn™, Air Prism™, and Ultra Aire Select™.
"Plexus is very excited about the opportunities the acquisition represent for both companies and our customers, and provides a platform for future growth based on a reputation of providing quality medical products," said Daniel Demsher, Plexus Medical's Chief Executive Officer.
Headquartered in Orchard Park, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Gaymar Industries, Inc. has provided innovative products and services to the healthcare marketplace for more than 40 years. The company's products include state-of the-art Pressure Ulcer and Temperature Management solutions that provide patients with unmatched efficacy, comfort, and safety. Gaymar is well known in the industry for providing health education and clinical resources.
Gaymar Industries is owned by the Cortec Group, a private equity firm that invests in companies that have achieved leadership positions in their market niches. "The purchase of Plexus is an integral part of Gaymar's strategy for future growth," said Jeffrey Lipsitz, Managing Director of Cortec. "We are currently pursuing a number of opportunities to grow Gaymar's core businesses, and the Plexus transaction represents an important first step in transforming the company into a major manufacturer of specialty medical devices," Mr. Lipsitz continued. Additional information on Cortec is available through the Internet at http://www.cortecgroup.com.
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