July 1, 1993 |
Sunrise Medical of Torrance has agreed to acquire DeVilbiss Health Care, a fast-growing maker of home respiratory devices, in a deal valued at $130 million, Sunrise announced Wednesday. Sunrise, which makes wheelchairs, hospital beds and other rehabilitative equipment, said it would be the largest-ever transaction in the home care manufacturing industry.
February 25, 1992
Baxter Healthcare Corp.'s Glendale-based Hyland Division and American Healthcare Systems said they have signed a three-year, $105-million agreement for Hyland to supply plasma-derived products to American Healthcare hospitals. The companies said the agreement, which becomes effective March 2, reflects a growing trend in the health-care industry to produce products more efficiently while reducing the risk of product shortages. Baxter Healthcare, based in Deerfield, Ill., is the principal U.S.
December 4, 1991 |
Homedco Group Inc., spurred by record demand for its home health-care products and services, reversed its fortunes in the past year to post fiscal 1991 net income of $8.8 million, or 23 cents a share. The profit for the 12 months ended Sept. 30 comes nearly five months after the Fountain Valley company raised $64 million in its first public stock offering and restructured its debt. Homedco reported a loss of $2.2 million, or 48 cents a share, in its previous fiscal year.
December 4, 1990
Matthews Studio Equipment Group, a Burbank company that makes, sells and rents motion picture production gear, said it has formed a subsidiary to produce health care products. The subsidiary, Matthews Medical Equipment Inc., will have as its first product a portable stand for intravenous bottles and equipment, similar to the stands the company already makes for motion picture lights. Matthews said it has other products in development.
CALIFORNIA | LOCAL
July 28, 1990 |
State health investigators staked out a warehouse early Friday, then placed an embargo on more than 8 million capsules and tablets of a weight-loss product called Cal-Ban 3000 that is suspected of causing intestinal obstructions. Officials from D&F Industries, a health-products manufacturer with offices in Anaheim and Orange, could not be reached for comment Friday.