Prism Medical Announces Acquisition Of Access Solutions

Released on: October 27, 2008, 1:36 pm

Press Release Author: Prism Medical

Industry: Healthcare

Press Release Summary: ErgoSafe Products LLC aquires the assets and operations of
Access Solutions, a distributor of moving and handling products for the mobility
impaired.

Press Release Body: VAUGHAN, ONTARIO - PRISM MEDICAL LTD. (TSX-V: PM) ("Prism")
today announced that its wholly owned US subsidiary, ErgoSafe Products LLC, doing
business as Prism Medical Services USA, has completed the acquisition of
substantially all the assets and operations of Kevko Solutions, Inc., a New York
corporation, doing business as Access Solutions, a privately owned United States
based distributor of moving and handling products for the mobility impaired. The
assets were acquired for approximately $500,000. The purchase price was satisfied by
a cash payment of $400,000 and a $100,000 holdback until certain contractual
obligations are met. Additional consideration, of up to $1,600,000 may be paid in
future depending on the results of the operation which will operate as Access
Solutions, a Prism Medical Company.

Access Solutions has been in operation since 1999 providing surveying & assessment,
installation, and training services, as well as the distribution of a variety of
safe patient handling and accessibility products for the Acute, Long-Term Care and
Home Health Care markets in New York and Northern Pennsylvania. The products include
ceiling lifts, stair lifts, ramps, floor lifts, bathing systems, beds and
repositioning aids. Products are sold for use in institutions and homecare.

The former majority shareholders, Walter A. Kolt Jr. and Kevin Klipfel have entered
into employment contracts with Prism Medical Services USA. Walter A. Kolt Jr. will
continue to be responsible for the day-to-day operations as General Manager of
Access Solutions and Kevin Klipfel will continue as a major contributor to Prism's
US institutional sales activities.

Andrew A. McIntyre, Chairman and CEO of Prism stated, "The acquisition of Access
Solutions marks another step in the strategic expansion of our geographic coverage
and product offering. Access Solutions fills an existing gap in our US market and
will provide Prism's products with direct access to outstanding customer
relationships developed by Access Solutions over the last nine years in New York and
the surrounding region of the United States. We look forward to the opportunities
that will be created through this acquisition."

Prism Medical Ltd. is a provider of durable medical equipment and related services
to the mobility disadvantaged in Canada, the U.S.A. and the United Kingdom. While
Prism's history dates back to 1996, Prism's subsidiaries and divisions have been
servicing the mobility disadvantaged since the mid 1980s in their homes, long-term
care facilities and acute care facilities. Prism includes Waverley Glen Systems,
North America's premier ceiling lift manufacturer with distribution across Canada
and the US including Patient Lifts of New England. In the UK, Prism includes
Westholme and Care Free Lifting & Handling, leading distributors of moving and
handling products in the UK, and Freeway Health Care, a manufacturer of ceiling
hoists and shower chairs.

Web Site: http://www/prismmedicalltd.com

Contact Details: 75 Sharer Rd
Unit 1
Vaughan, Ontario Canada
L4L 8Z3
p-905 850-1454
f-905 850-2364

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