InfuSystem Holdings (NSDQ:INFU) said today it bought the infusion pumps assets of Philadelphia-based ambulatory infusion pump provider InfusAid for an undisclosed amount.
Madison Heights, Mich.-based InfuSystem said it will acquire approximately 400 infusion pumps from InfusAID as part of the purchase agreement.
“Similar to our acquisition of Ciscura in 2015, the pumps we acquire from InfusAID will come to us with 18 medical facility relationships that will help us gain additional market share as the marketplace continues to consolidate. We also believe this transaction will offer clinicians and patients better access to more affordable in-network care via InfuSystem’s 340+ insurance payor contracts,” CEO Eric Steen said in a press release.
InfuSystem provides infusion pumps and related services to hospitals and private practices, the company said.
“To the customer facilities formerly served by InfusAID, we will offer our expanded portfolio that includes our patent-pending, time-saving electronic connectivity solutions, pole-mounted infusion pumps, infusion-related disposables such as catheter care kits and IV tubing, and chemo safety products that meet the proposed USP Chapter 800 requirements. We believe this will further help these facilities deliver the highest quality care to their patients,” CEO Steen said in a prepared release.