Press Releases

Midmark Corporation Closes Acquisition of Versus Technology, Inc.

DAYTON, Ohio, and TRAVERSE CITY, Mich., May 4, 2016 — Midmark Corporation announced today the completion of its previously announced definitive merger agreement to acquire Versus Technology, Inc. A special meeting of the Versus shareholders was held on Friday, April 29, 2016, where shareholders voted in favor of the acquisition. The acquisition will advance Midmark leadership in outpatient clinical workflows using real-time locating systems.

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About Midmark
Founded in 1915, Midmark Corporation strives to bring efficient patient care to millions of people each day in the human and animal healthcare industries around the world. A leading provider of medical, dental and veterinary equipment solutions, Midmark is focused on continuously improving exam room workflow and enhancing patient-caregiver interactions. Midmark’s more than 1,500 teammates worldwide are dedicated to redefining the future of the clinical space and making a positive difference in the practice of healthcare. Headquartered in Dayton, Ohio, Midmark now maintains production and administrative offices in Versailles, Ohio, as well as five subsidiaries in the United States and international subsidiaries in the United Kingdom, India and Italy. To learn more about Midmark, visit midmark.com or midmarkclinicalsolutions.com, and follow Midmark on Facebook, LinkedIn, Twitter and YouTube.

About Versus Technology, Inc.
Established in 1988, Versus Technology, Inc. specializes in Real-time Locating Systems (RTLS) for healthcare. Used by more than 800 hospitals for enterprise patient tracking, bed management, asset tracking, and nurse call automation, Versus improves patient flow and documentation of caregiver and patient interactions, while enhancing communication and efficiency. The Versus infrared (IR), Active RFID and Wi-Fi solution is responsible for enterprise visibility, clinical-grade location and automation at hospitals, clinics, surgery centers and senior care facilities worldwide. To learn more about Versus Technology, Inc., our technology and client successes, visit versustech.com. 

Safe Harbor Provision
This release may include forward-looking statements which “bespeak caution,” and which are subject to risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The statements are made only as of the date of this release, and Versus undertakes no obligation to update them to reflect subsequent events or circumstances.

 

Investor/Analyst Contact:
Joseph Winowiecki
Chief Financial Officer
Versus Technology, Inc.
231.946.5868
joew@versustech.com

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