Carex Health Brands Acquires ThermiPaq Hot/Cold Therapy Brand & Assets

NORWELL, Mass. (Nov. 6, 2013)—Carex Health Brands announced the acquisition of the ThermiPaq Hot & Cold Therapy brand along with other associated assets from the Thermionics Corporation of Springfield, Ill. Founded in 1990, Thermionics has built the ThermiPaq Hot & Cold brand into the leader of the clay hot/cold product category with its patented technologies. “We have always admired the ThermiPaq brand and its leadership in the clay hot/cold segment,” said Matt McElduff, president of Carex Health Brands. “The ThermiPaq products are a perfect fit for the Carex portfolio of hot/cold brands including the market-leading Bed Buddy moist heat ThermaTherapy brand and our TheraMed brand. This acquisition further solidifies our leadership in the market and allows Carex to improve service to our existing customers through an expanded hot/cold portfolio.” Carex Health Brands markets its products under the Carex, Apex, Bed Buddy and TheraMed brand names. The company’s brands have achieved broad customer awareness in the marketplace and are used by home care patients, the mobility challenged, senior citizens, and members of the general public. For more information, visit carex.com.