ATLANTA, Ga., June 14, 2013—GF Health Products, Inc. (Graham-Field) announces that it will acquire substantially all of the assets of Hausted Patient Handling Systems, LLC (Hausted), a portfolio company of 3 Rivers Capital, LLC (3RC). Hausted is a manufacturer of patient handling equipment, including stretchers and chairs, used by hospital patient transport, radiology, outpatient, emergency and operating rooms within health care facilities. The transaction is scheduled to close on June 30.
“We are extremely excited about combining Hausted with Graham-Field to maximize our product and marketing opportunities within the acute care market. This acquisition will allow Graham-Field to provide an integrated system of products for the care, treatment and transport of patients in hospitals, same-day surgery centers and specialty clinics. The Hausted product line provides innovative, safe and effective solutions for patient handling, positioning and procedural requirements. The acquisition will also expand our ‘Made in USA’ Strategic Initiative and will enhance the market potential of Graham-Field’s existing Lumex, Everest&Jennings and Simmons Clinical CareT products,” according to Ken Spett, president and CEO of Graham-Field.
Since 1949 the Hausted brand has been well respected within the healthcare industry and has a strong domestic and international customer base. Graham-Field is currently a supply partner to Hausted for steel components and will relocate the existing Hausted manufacturing equipment and processes to its expanded 157,000 square-foot Fond du Lac, Wisc., steel fabrication and 103,000 square-foot Doraville, Ga., mattress facilities. “Our investment in automated, lean manufacturing technology and engineering in our Fond du Lac facility will allow Graham-Field to build on the great heritage of Hausted and enhance the features and capabilities of the Hausted product line,” Spett added.
GF Health Products, Inc. is a major manufacturer of healthcare products for the homecare, long-term care, primary care and acute care markets. Learn more at www.grahamfield.com.
