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NSM snaps up PG Surg Med
Posted on Tuesday, 07 July 2020 10:51
National Seating & Mobility (NSM) has acquired Canada-based mobility provider PG Surg Med.
Financial terms were not disclosed.
The acquisition positions NSM as the largest provider of mobility services in British Columbia.
Following the transaction, the target’s owners, Russell and Sandy Pratt, will remain in leadership roles with the buyer.
Established in 1978, PG Surg Med claims to be the largest independent home medical and equipment dealer in the northern region of British Columbia.
The group’s offerings include wheelchairs, walking aids, bed hoists and mobility scooters.
It provides rental equipment for home and palliative care, such as commodes and rehabilitation mattresses.
PG Surg Med also carries out room assessments and installs wheelchair ramps and bathroom alterations, among other features, for disabled or elderly customers.
The company works with a number of mobility, seating and paediatric groups, including Motion Composites, Otto Bock and Easystand.
PG Surg Med operates in four locations across Canada, namely Prince George, Kelowna, Kamloops and Vernon.
As a result, the deal marks NSM’s first entry into the northern region of British Columbia.
According to Zephyr, the M&A database published by Bureau van Dijk, the transaction represents the buyer’s second acquisition this year.
On 9th June, the group purchased Canada-based mobility equipment manufacturer Active Mobility Products for an undisclosed sum.
Formed in 1992, NSM claims to be the leading provider of customised mobility, home and vehicle equipment and repair and maintenance services in North America.
The company’s products included powered and manual wheelchairs, as well as the Splashy, a portable bath seat for children with disabilities.
Zephyr shows there have been 119 deals targeting surgical appliance and supplies manufacturers announced globally in 2020 to date.
In the largest of these, Montagu Private Equity snapped up RTI Surgical Holdings’ original equipment manufacturing business for USD 490.00 million.
Other companies targeted in this sector included ConvaTec Group, ArthroSurface and Parcus Medical.
© Zephus Ltd