Altimate Medical, a Morton, Minn-based manufacturer best known for its EasyStand brand of standing devices, has acquired Activeaid Inc, a medical equipment manufacturer that is also based in Minnesota.
Activeaid produces products that specialize in the rehabilitation field. These products are designed to address a range of issues from daily care assistance in the home environment, to products designed for the hospital and institutional market.
As a result of the acquisition, Todd Tholkes, president and CEO of Altimate Medical, will assume leadership of Activeaid, according to a media release.
“Activeaid has been a strategic partner to Altimate Medical for 30-plus years, and we look forward to leveraging some of Altimate Medical’s strengths to sustain and help grow the Activeaid business. We would like to thank each of the team members of Activeaid for their contributions toward its mission over the last 50-plus years, and we look forward to an exciting future together,” Tholkes says in the release.
[Source: Altimate Medical Inc]
