Precision Medical Products Completes Largest Acquisition Ever, Establishing Leader in Hospital-to-Home Continuum of Care
ROCKLIN, Calif., August 18, 2021 /PRNewswire/ — With the acquisition of Innovamed Health and Vena Group, two of the premier companies in the mobile compression device industry, Precision Medical Products is leading the future of the industry and heralding its “cut the cord” campaign. This acquisition makes Precision Medical Products the nation’s largest and most protected mobile DVT (deep vein thrombosis) patent holder.
“Our goal is to become the largest DVT prevention company in the country and today we are well on our way. In addition to our current line of products, this acquisition opens the door to a true continuum of care, from hospital to home. With our offerings, patients can truly ‘cut the cord’ and experience freedom of mobility during recovery,” said Precision Medical CEO Jeremy Perkins.
The acquisition is a huge boost for Precision Medical Products, which now owns VenaPro, the market’s first mobile single-use compression device, and VenaOne, the first portable compression device for the hospital market. Through this agreement, Precision Medical Products also acquired leading intellectual property from Innovamed and Vena Group, setting the stage for a monumental day in the company’s history.
Perkins concluded, “Precision and Innovamed have been competitors and friends for years, and we are excited to join forces to push the boundaries of DVT innovation even further.
Precision Medical Products’ existing line of offerings includes the CIRCUL8® brand, including the CIRCUL8® Pro, a powerful and portable on-the-go DVT prevention product and the VenaOne®, a mobile DVT prevention system for hospital use . Both are self-contained and wireless, allowing for maximum mobility.
About Precision Medical Products: Since launching as a self-funded startup in 2010, Precision Medical Products has been helping patients recover from surgery, using its innovative DVT prevention products, programs and offerings. Precision Medical Products has been recognized on the Inc. 5000 list of America’s fastest growing companies and has received a variety of innovation awards for its patented products.
SOURCE Precision Medical Products