PerSys Medical, a Houston-based supplier of emergency medical equipment, will be acquired by Chicago-based Safeguard Medical, the companies announced June 30.
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The acquisition is expected to close within 30 days and is subject to administrative approvals. Financial terms of the acquisition were not disclosed.
Safeguard provides emergency medical technologies and training for first responders. Through the acquisition of PerSys Medical, Safeguard will gain around 125 employees globally, according to a company spokesperson. Safeguard also gains a PerSys research and development center in Israel and expands its distribution reach to more than 60 countries with the deal.
PerSys Medical is led by founder and President Ofer Molad. Previously, Molad also served as a member of the Texas Emerging Technology Advisory Committee during Texas Gov. Rick Perry‘s tenure in office.
“By joining forces with Safeguard and bringing together two industry innovators, we’re progressing a shared mission: to stop preventable deaths by putting exceptional, easy-to-use products in the hands of initial responders,” said Molad. “We look forward to continuing to serve military and law enforcement professionals, emergency medical technicians and everyday civilians as they work to save lives around the globe.”
Safeguard has a global footprint with locations in the U.S., the U.K., Norway, Sweden, Denmark, Australia, South Africa and the United Arab Emirates, according to the company’s website. The firm provides a variety of medical equipment, including products for burn treatment, hemorrhage control, respiration, airway management and more.
“PerSys and Safeguard enjoy a complementary customer base and have long been unified in our mission, so this acquisition offers our customers the broadest possible options for lifesaving medical equipment and technologies and serves as a natural extension to our product portfolio,” said Adam Johnson, CEO of Safeguard Medical.
