Download Carex Health Brands Acquires ThermiPaq Hot/Cold Therapy Brand

For Immediate Release
Carex Health Brands Acquires ThermiPaq Hot/Cold
Therapy Brand & Assets
Norwell, Massachusetts, November 4, 2013 - Carex® Health Brands is
pleased to announce the acquisition of the ThermiPaq Hot & Cold Therapy
brand along with other associated assets from the Thermionics Corporation of
Springfield, IL. 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 has long been respected for many of the same values
as ThermiPaq, including quality, value and integrity,” added Gregg Harwood,
founder of Thermionics. “I am pleased to hand over the reins to a company
which shares my passion for improving the well-being of others.”
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.
Carex is the market leader in branded home medical equipment sold through
the drug store chains, mass merchants, DME dealers and grocery retailers. In
addition, Carex offers one of the broadest product lines in hot/cold pain
therapy and medication compliance aids. Carex products are also fully
stocked in the drug wholesalers who service this retail market. Please visit
www.carex.com for more information or contact: Jeff Swain, Director of
Marketing and Communications, Carex Health Brands (781-871-2710).
Media contact: Shaina Zalma Ostroff | Crier Communications | 310-274-1072
x203 | [email protected]
###