"We began selling NeuroGym in 2016 and quickly saw the outcomes matched the promise for our customers," said Brian Garner, director of Therapy & Rehab at Medline. "We jumped at the chance to fully own the technology and future strategy and growth of the line. NeuroGym has been a very impactful innovation to the therapy and rehab providers working with our company."
Medline is the largest family-owned manufacturer and distributor of medical supplies and equipment in the U.S. The company has operations in 90 countries, annual sales of more than $10 billion and more than 18,000 employees worldwide. NeuroGym Technologies employees will continue with Medline, and Avi Nativ, inventor of the technology, will serve as a consultant to the business.
"When I engineered and brought NeuroGym to life, I had a vision of creating neurorehabilitation therapy for patients that would vastly change and improve their mobility and lives," Nativ said. "Medline has shared that vision and helped advance it at every stage. This is a great fit for both companies and the beginning of even more innovation possibilities."
NeuroGym Technologies Inc., based in Ottawa, manufactures a line of patented mobility-enabling equipment to improve functional independence. Its tools address all issues of mobility for a wide range of consumers working to overcome conditions such as severe motor deficits following traumatic brain or spinal cord injury, diseases like multiple sclerosis, cerebral palsy or Parkinson's disease, and balance issues in the elderly, according to the company.
The deal is the second acquisition of a Canadian company by Medline in a month. In June the company acquired Dufort et Lavigne Ltée, a Montreal-based medical supplies distributor.
With its distribution center in Montreal, Dufort et Lavigne serves customers with a broad portfolio of medical, paramedical, dental, ambulatory and other specialty supplies. All of its 76 employees are based in Quebec.