Mennen Medical to acquire the assets of Adi Medical

Yavne Israel, April 7, 2019 – Mennen Medical, a global leading provider of high-end medical devices for a wide range of Hospital’s settings, announced today that it concluded the acquisition of the assets of Adi Medical Equipment Ltd., a developer and manufacturer of sophisticated powered medical carts specifically designed for healthcare and clinical environments.

“Medical carts became an integral part of streamlining workflow solutions in the modern healthcare settings,” said Mr. Ran Namerode, Chairman of Mennen Medical. “The medical carts’ business has been growing fast in the USA and other major markets in recent years and is expected to continue growing at a high pace. This increasing demand presents a great opportunity to companies that can offer a high-end sophisticated solution. We believe that Adi Medical’s products are perfectly suited to address this need.”

“I am pleased with this opportunity to bring together Adi Medical’s expertise and superb products and Mennen’s long history of leadership in the medical devices arena.” said Mrs. Nava Botvinik, CEO of Adi Medical.  “I am confident that this combination will result in positioning Adi Medical’s products as global leaders in this category.”

About Mennen Medical

Mennen Medical, a leading provider of high-end medical devices for Cardiology, OR, ICU and NICU environments, has gained a reputation as being an innovative developing and manufacturing house for over 50 years. The company’s headquarters are based in Israel, and it has two fully owned subsidiaries – in the USA and the UK.

About Adi Medical

Adi Medical, is a developer and manufacturer of sophisticated powered medical carts specifically designed for healthcare and clinical environments. The company’s products are perfectly suited for an array of clinical applications including: eMAR use at the point-of-care and Bar code medication administration (BCMA). Adi Medical carts’ cutting edge engineering and design is at the forefront of the medical carts’ category, offering integral UV light and anti- bacterial surface, fast charging and long life battery technology. The company’s headquarters are based in Israel.