Ancor Capital Partners is pleased to announce that Carex Health Brands has completed the acquisition of the Detach N’ Go Product line from Inventures Products. The product line consists of an array of unique, patented, Detachable Pill Cases that serve a niche market for people with active life styles. Like Carex Health Brands the Detach N’ Go product line is sold in chain drug stores, independent pharmacies and Grocery retailers.
Randy Keene, Partner at Ancor Capital said, “approximately one year ago Ancor teamed up with Merit Capital Partners and acquired Carex with the intention of growing the company by acquisitions and product development. This is the first of what we believe will be many extensions for the Carex family of products”. Matt McElduff, President of Carex Health Brands, said “We were impressed with the quality and design of the products and how it complements our existing line of Apex medication compliance products. We plan on working together to continue to grow the line and incorporating some of the unique features into new products. We will also look to add the existing products to our current broad base of distribution”. John Murphy, CEO of Inventures Products, added “Detach N Go has always been perceived as a high quality line of Pill Organizers. Our niche has allowed us to secure impressive distribution including Walgreens, CVS and many other top retailers. I have always respected Carex Health Brands and am very happy to have the Detach N Go brand be part of this impressive company. This is a great “Strategic fit” for our patented products and gives Carex the opportunity to offer a wider assortment with cutting edge features.”
Carex Health Brands markets its products under the Carex, Apex, Bed Buddy and Thera-Med brands. The Company’s brands have achieved broad customer awareness in the marketplace and are used by home care patients, the mobility challenged, senior citizens, and, in many cases, the general public.
Carex is the market leader of branded home medical equipment sold through the drug store chains, mass merchants, DME dealers and grocery retailers. In addition, Carex offers one of the broadest product lines in the industry in pain therapy and medication compliance aids. Carex products are also fully stocked in the drug wholesalers who service this retail market.