Medline Announces Acquisition of NeuroGym Technologies
Published: Jul 10, 2018
Medline today announced the acquisition of therapy and rehabilitation equipment maker NeuroGym Technologies, a healthcare innovation company based in Ottawa. With the purchase, Medline bolsters its dedication to providing innovative and effective solutions to post-acute healthcare providers throughout North America. The deal is the second acquisition of a Canadian company by Medline in one month. Medline completed the asset purchase agreement on June 29, 2018.
"We began selling NeuroGym in 2016 and quickly saw the outcomes matched the promise for our customers," said Brian Garner, director of Therapy & Rehab at Medline. "We jumped at the chance to fully own the technology and future strategy and growth of the line. NeuroGym has been a very impactful innovation to the therapy and rehab providers working with our company."
Medline is a healthcare business that is the largest family-owned manufacturer and distributor of high-quality medical supplies and solutions in the U.S. The company has global operations in 90 countries, annual sales of more than $10 billion US and more than 18,000 employees worldwide. NeuroGym Technologies employees will continue with Medline, and Dr. Avi Nativ, inventor of the technology, will serve as a consultant to the business.
"When I engineered and brought NeuroGym to life, I had a vision of creating neurorehabilitation therapy for patients that would vastly change and improve their mobility and lives," said Nativ. "Medline has shared that vision and helped advance it at every stage. This is a great fit for both companies and the beginning of even more innovation possibilities."
See how one post-acute care facility is using NeuroGym at https://www.youtube.com/watch?v=87opfVpTKBA&feature=youtu.be, and learn more about NeuroGym here.
About NeuroGym Technologies
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