Benzinga | Apr 21, 2021 06:34AM EDT

InfuSystem Acquires OB Healthcare Corporation; Financial Terms Not Disclosed

InfuSystem Holdings, Inc. (NYSE:INFU), ("InfuSystem" or the "Company), a leading national health care service provider, facilitating outpatient care for durable medical equipment manufacturers and health care providers, today announced that it has acquired the operating assets of OB Healthcare Corporation, a privately held, Texas-based, biomedical services company. Terms of the transaction were not disclosed.

OB Healthcare specializes in on-site repair, preventative maintenance, and physical device inventory management to hospitals and healthcare systems nationwide. The acquisition of the OB Healthcare operating assets further develops and expands InfuSystem's Durable Medical Equipment Services (DME) platform and complements InfuSystem's purchase of FilAMed, which was announced in February 2021.

Richard DiIorio, chief executive officer of InfuSystem, stated, "OB Healthcare focuses on providing field service for biomedical maintenance and repair. This acquisition closely follows our purchase of FilAMed, which provides remote repair work out of its facilities in Bakersfield, California. Together, the two companies, and the impressive business relationships they bring with them, dramatically enhances InfuSystem's capabilities in biomedical services and increases our business opportunities in the acute care market."

Mr. DiIorio continued, "the synergies between OB Healthcare and their team of mobile technicians for on-site services at hospitals and FilAMed's expertise in servicing a wider range of medical devices provides InfuSystem's customers with a significantly expanded scope of specialized biomedical services, and the choice between on-site or remote repair services. This acquisition represents another important development in expanding our addressable markets for our highly scalable operating platforms -- Integrated Therapy Services (ITS) and Durable Medical Equipment Services (DME). We look forward to a seamless integration with uninterrupted customer service as we welcome OB Healthcare's employees and customers to InfuSystem," DiIorio concluded.