Continental Home Healthcare Acquires Assets Of Medical Mart

The expanded product offering through the acquired supply line provides additional marketing opportunities to Continental’s preferred provider contract with the 130,000-member, Las Vegas-based, Hotel Employees and Restaurant Employees International Union Welfare Fund.

Robert Thornton, president, said the Medical Mart acquisition will be immediately accretive to earnings per share as the company is exposed to Continental’s large patient base and existing contracts, has access to the volume discounts available through Continental’s buying network and vendor supply agreements, and reduces administrative costs and overhead achieved through economies of scale.

Management will continue to seek out strategic acquisitions which can add to Continental’s product offering, provide geographic distribution and offer other significant opportunities for profitable growth, the company says.