HEALTH

Drive Medical Canada acquires Independent Needs Centre

BY Allison Cerra

PORT WASHINGTON, N.Y. A durable medical products manufacturer’s subsidiary has acquired a manufacturer and distributor of aids to daily living products, patient aids, ambulatory assist products, bathroom safety products and other home healthcare products in Canada.

Drive Medical said its Canada-based subsidiary, Drive Medical Canada, recently acquired Independent Needs Centre, which will continue to independently operate through its existing facility in Ontario, and continue to distribute its products throughout the Canadian market. Additionally, the Drive Canada executive team, along with Ruth Mallin, the owner of Independent Needs, and the Independent Needs’ management team, will be collaborating on the development of new products for the Canadian and U.S. markets, along with new and improved packaging.

“The acquisition of Independent Needs will enhance our growing presence in Canada and expand our product offering and customer base in the Canadian marketplace. In addition, we look forward to distributing many of the products of Independent Needs into the U.S. marketplace,” said Drive Medical chairman and CEO Harvey Diamond.

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Sanofi makes tender offer to Chattem

BY Michael Johnsen

PARIS Sanofi-Aventis on Monday announced the commencement of a tender offer through its wholly-owned subsidiary, River Acquisition, for all outstanding shares of common stock of Chattem for $93.50 per share, net to the seller in cash, without interest and less any required withholding taxes.

Sanofi-aventis first expressed interest in Chattem Dec. 20.

The tender offer is scheduled to expire at midnight, EST, on Feb. 8.

“The transaction is a significant milestone in sanofi-aventis’ transformational strategy,” the French pharmaceutical company stated in a press release. “By strengthening its presence in the U.S. consumer healthcare market, which represents 25% of the current worldwide opportunity, sanofi-aventis is further securing its position as a global, integrated healthcare company and building a significant platform for future growth.”

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Nordic Naturals to host webinars featuring company’s spokesman

BY Michael Johnsen

WATSONVILLE, Calif. Nordic Naturals on Monday announced it will be hosting a series of monthly webinars with national educator Stuart Tomc.

“Education is at the top of the priority list for the company in 2010, focusing on the important benefits of omega-3 fatty acids and how they tie into the various public health initiative themes for the year,” Tomc stated.

The live 60-minute webinars will be free-of-charge and open to all consumers, retailers and healthcare professionals.

Attendees are required to register at https://nordicnaturals.ilinc.com and click on each presentation they wish to attend.

Presently, webinars are slated for Jan. 13, Feb. 24 and March 24.

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