Arjo acquires significant equity in American patient handling specialist as it builds on US success
Looking to build on its US growth as outlined in its interim report for January to March 2019, global patient handling equipment supplier Arjo has acquired substantial equity in Atlas Lift Tech, gaining a seat on Atlas’ Board of Directors.
Formed in 2009, Silicon Valley-based Atlas Lift Tech creates safe patient handling and mobility training programs to care providers, offering bedside training to carers follow best practices when moving and handling patients, reduce the risk of injuries to both parties.
In addition, the tech-company also provides a proprietary software system, LiftTracker, into care facilities, providing real-time task tracking and scheduling, including response times, equipment used, tasks performed, and location to enable program managers to evaluate the efficiency of the safe patient handling and mobility program.
Having started working together during the third quarter of 2018 when the two companies began exploring gaining market share in the US by improving clinical outcomes through mobilisation, the investment and commercial collaboration is expected to have a positive impact on Arjo’s net sales, gross margin and earnings per share already in 2019.
“By combining our offering and Atlas’ solutions, we will help our customers address challenges of mobility in an effective manner, while providing data and evidence for improved clinical outcomes,” commented Joacim Lindoff, President & CEO of Arjo.
“This collaboration gives us a strong platform to offer a unique end-to-end solution, with the mutual goal of reducing caregiver injuries and improving patient care, while creating efficiencies for healthcare facilities. Further, we gain access to Atlas’ strong Silicon Valley network to help drive innovations and new practices within patient handling and mobilization.”
According to Arjo, the Swedish headquartered global supplier of medical devices, services and solutions has enjoyed growth within its Patient Handling portfolio, particularly in North America.
As part of its investment in Atlas, there is also a performance-based option for Arjo to acquire additional equity in Atlas.
“Arjo is a trusted partner with a strong reputation worldwide, and like Atlas, shares the goal of optimizing the care experience for patients and caregivers. Together with Arjo’s market-leading equipment and clinical expertise, and Atlas’ operational precision and innovative technology, we can now develop the next generation Mobility Program,” added Eric Race, President & Founder of Atlas.
“We will assist clients and care staff to attain proven and effective practices while improving patient safety. This will give a platform to produce a thriving and sustainable culture of safety, where customers will not have to choose between caregiver and patient safety.”
The investment by Arjo marks the second investment by a Scandinavian moving and handling equipment supplier in an American company, following Etac acquiring 70 percent share in HoverTech.https://thiis.co.uk/arjo-acquires-significant-equity-in-us-patient-handling-specialist-as-it-builds-on-us-success/https://i2.wp.com/thiis.co.uk/wp-content/uploads/2019/07/mobing-and-handling-Arjo-Atlas.jpg?fit=1000%2C667&ssl=1https://i2.wp.com/thiis.co.uk/wp-content/uploads/2019/07/mobing-and-handling-Arjo-Atlas.jpg?resize=150%2C150&ssl=1Mergers & AcquisitionsNewsroomSupplier Newsacquisition,Arjo,Atlast Lift Tech,Etac,HoverTech,investment,mobilisation,moving and handling,moving and handling equipment,North America,patient handling,Scandinavia,Silicon Valley,Sweden,United States,USLooking to build on its US growth as outlined in its interim report for January to March 2019, global patient handling equipment supplier Arjo has acquired substantial equity in Atlas Lift Tech, gaining a seat on Atlas’ Board of Directors. Formed in 2009, Silicon Valley-based Atlas Lift Tech creates safe...Calvin BarnettCalvin Barnettcalvin@thiis.co.ukAdministratorTHIIS Magazine