TORONTO — Shoppers Home Health Care, the home health care retail arm of Shoppers Drug Mart, is selling some assets of its lifts and elevating business to Prism Medical Ltd., a provider of mobility equipment and services.
Prism said Monday thatit’s acquiring inventory and equipment from Shoppers Home Health Care in Ontario, Saskatchewan and Alberta. The transaction is slated to close on May 31.
The companies have also entered into a sales agreement in which, at the transaction’s closing, Shoppers Home Health Care will be appointed as a non-exclusive sales agent for Prism of specified lifts and elevating products and services for the residential business in Ontario, Saskatchewan and Alberta.
“The transaction will be beneficial for both parties,” Scott Wilks, vice president of Shoppers Home Health Care, said in a statement. “We look forward to working with Prism to ensure continued service to our customers.”
Shoppers Home Health Care is the largest Canadian retailer of home health care products and services, with about 50 stores overall.
“Prism and Shoppers Home Health Care have worked together in the moving and handling business for over 10 years,” stated Ross Scavuzzo, chief executive officer of Prism. “We look forward to continuing to deliver the outstanding level of customer services Shoppers Home Health Care has provided to a leading number of Canadian acute care and long-term care facilities.
“This transaction allows the parties to focus on their core business activities while maintaining a relationship to continue to serve their respective customers,” Scavuzzo added. “The purchase, when combined with the recent purchases by Prism in British Columbia, will further Prism’s position as the leading Canadian manufacturer and distributor of moving and handling devices.”
In North America, Prism’s products are marketed under the brands Prism Medical, ErgoSafe, Waverly Glen and Nightingale in the home care, acute care and long-term care markets.