• Extending its water purification reach into the Tennessee Valley
LITTLE FALLS, NJ, June 18, 2007 -- Cantel Medical Corp., through its Mar Cor Purification subsidiary, is further expanding its water purification and filtration business and has entered into an agreement to purchase the water-related assets of Dialysis Services Inc. (DSI). DSI, based in Springfield, Tennessee, designs, installs and services high quality water and bicarbonate systems for use in dialysis clinics, hospitals and university settings. The business being acquired has pre-acquisition revenues of approximately $1.2 million, and the transaction is scheduled to close on August 1, 2007.
Curt Weitnauer, President of Mar Cor Purification, stated, "The combination of DSI's strong brand name and regional presence, combined with Mar Cor's existing Tennessee-based business, creates a stronger sales and service presence to better serve our customers. Through this acquisition, we will be adding an outstanding team and base of business in a highly desirable region -- one with great concentration of dialysis clinics and healthcare institutions. We anticipate achieving service efficiencies and leveraging Mar Cor's manufacturing, resin regeneration and parts businesses."
Cantel's President & CEO, R. Scott Jones, added, "Building atop our recent acquisition of GE Water & Process Technologies' dialysis water business, we are implementing our strategy to further build out our service network into key geographic areas. The opportunity to achieve both top and bottom line synergies will serve well in strengthening our water purification and filtration business."
Mar Cor Purification will be retaining the key sales and service team of DSI, including its COO, Michael Sterling, and VP of Operations, Robert Castles, each of whom will enter into employment agreements with Mar Cor Purification. DSI will be discontinuing local manufacturing.
Dialysis Services Inc., founded in 1996 and based in Springfield, TN, designs high purity water and bicarbonate systems, conducts installation and testing, performs maintenance, and provides a full complement of equipment services. The Company has developed a reputation of providing high quality service to prominent healthcare customers with time-sensitive and critical patient needs.
A division of Cantel Medical Corp., Mar Cor Purification is dedicated to providing innovative solutions through filtration, water, and disinfection technologies to the medical, life science and industrial marketplace. Mar Cor Purification has service offices in 17 cities in the US and Canada, with 6 resin regeneration plants strategically located in Atlanta, Boston, Chicago, Philadelphia, Montreal and Toronto.
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