We've worked with ACP for many years and seen their presence in long term care rehabilitation continue to grow. This is an opportunity to see our technology really hit its stride and benefit a much broader patient population.
Reno, Nevada (Vocus) September 18, 2008
A subsidiary of Accelerated Care Plus Corp. (ACP) announced today that it had finalized the purchase of Neuroflex Orthotics Inc. (Neuroflex), a California-based provider of specialty Orthotic products. The acquisition was the first for ACP Medical Supply, Corp., which was founded earlier in 2008 to support ACP's expansion into durable medical equipment (DME).
"One of our key initiatives for 2008 was to enter the Durable Medical Equipment (DME) market in order to provide a broader range of rehabilitation products and services to our client-partners," said ACP CEO John Beach. "We've used Neuroflex specialty orthotics in our clinical programs for over a decade and seen excellent results. Given their favorable impact on treatment outcomes, and their compatibility with our existing treatment programs, they were a natural fit for our new DME division and our core business."
The Neuroflex product line includes a range of splints, braces and appliances for the elbow, wrist, hand, finger, knee and ankle joints. The devices are designed to provide comfortable, "long-term static stretch" to these tightened joints, which helps improve function and range of motion. Neuroflex's specialized osteoarthritis knee brace relieves pressure on painful arthritic knees and helps correct abnormal gait patterns. Scientific research supports the use of orthotics for a number of prevalent conditions including contractures, stroke recovery, osteoarthritis, neuromuscular disease and accident trauma.
Specialty orthotic devices are used in several of ACP's specialized treatment programs, which are developed around proprietary medical technology called physical agent modalities. These devices include electrical stimulation, patterned electrical neuromuscular stimulation (PENS), therapeutic ultrasound, infrared therapy and short-wave diathermy. The non-invasive, medication-free programs are founded in evidence-based practice and developed around the complex needs of aging adults.
Neuroflex President John Kenny will join ACP Medical Supply Corp. as Corporate Orthotist. In this role, Mr. Kenny will assist ACP in broadening its orthotic brace program, while providing technical and regulatory assistance during the operational transition to ACP's corporate headquarters in Reno, Nevada. Said Kenny, "We've worked with ACP for many years and seen their presence in long term care rehabilitation continue to grow. This is an opportunity to see our technology really hit its stride and benefit a much broader patient population."
In addition to the Neuroflex acquisition, ACP and ACP Medical Supply, Corp. is planning other DME efforts including the upcoming launch of its new Omnistim® FX2 Portable stimulator - a small electrical stimulation device incorporating the Company's patented PENS technology that can be used by patients "at home" to help manage pain, address disuse muscle atrophy, and improve function for several conditions.
About Accelerated Care Plus
Accelerated Care Plus (ACP) is the nation's leading provider of specialty clinical programs for long-term care facilities, sub-acute rehabilitation providers and outpatient clinics. Fifteen years in development, the programs are now used by nearly 3000 providers throughout the US. ACP's integrated clinical programs include patented medical equipment, proprietary clinical protocols, on-site therapist training, and on-going support to improve treatment outcomes and quality of life. ACP is a privately held company owned by its founders and The ComVest Group, a Florida based private equity firm. For more information, visit http://www.acplus.com .