Press Releases
Emerson Announces Acquisition
of Flo Healthcare
Strengthens
Ability to Meet Demand for Wireless
Medical Technologies
Wilkes-Barre, PA and Norcross,
GA – May 11, 2006 – Emerson
(NYSE:EMR) announced today that
it has acquired Flo Healthcare,
a leader in providing comprehensive
wireless and mobile clinical workstation
solutions to the healthcare industry,
from an investor group led by UBSS,
LLC and The Decatur Group LLC. Based
in Norcross, Georgia, Flo Healthcare
will become part of Emerson Storage
Solutions’ InterMetro division.
Both InterMetro and Flo Healthcare are addressing a growing and important healthcare
trend: the convergence of information technology with traditional mobile storage
products for improved patient care, safety and recordkeeping. This trend is
driving accelerated demand for mobile medical carts embedded with computers
and wireless communications. The acquisition of Flo Healthcare further expands
InterMetro’s strong position in meeting that demand with integrated solutions.
“InterMetro has a solid reputation for providing comprehensive storage
solutions to the healthcare market, so the expansion into mobile, wireless applications
was a natural progression for us,” said John Nackley, InterMetro’s
President. “We are excited about the future possibilities this offers us
to continue improving patient safety by connecting healthcare delivery data at
point-of-care through wireless technology and mobile devices.”
With more than 45,000 mobile devices and wireless infrastructure systems installed
within approximately 800 hospitals, Flo Healthcare is the leader in wireless
and mobile clinical workstation installations across the United States and
Canada. “The global positioning of Emerson and InterMetro will allow
for the growth of Flo’s domestic market share while also expanding internationally
and into adjacent markets where InterMetro has a strong presence,” Nackley
said.
“The alignment of our technology and InterMetro’s leadership position
in healthcare storage solutions gives us tremendous synergy for improving our
products and serving our shared customers. Flo’s innovative technologies
will benefit from InterMetro’s design and manufacturing expertise and broader
market penetration,” said Keith Washington, General Manager for Flo Healthcare.
About Emerson Storage Solutions
Emerson Storage Solutions is a business of Emerson (www.gotoemerson.com) providing
answers to storage challenges for the consumer, commercial, healthcare, food
service, and industrial markets. For information visit www.emersonstoragesolutions.com.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology
and engineering together to provide innovative solutions to customers through
its network power, process management, industrial automation, climate technologies,
and appliance and tools businesses. Sales in fiscal 2005 were $17.3 billion.
For more information, visit www.GoToEmerson.com.
About Flo Healthcare
Headquartered in Norcross, Georgia, Flo Healthcare provides comprehensive wireless
and mobile clinical workstation solutions designed specifically for the healthcare
industry. Improving patient care and safety is our top priority as we work
with clinical software and OEM business partners to deliver patented, integrated
solutions – infrastructure, devices and services – to medical facilities.
With 45,000 mobile devices and wireless infrastructure systems installed within
approximately 800 hospitals, Flo Healthcare is the acknowledged leader in total
hospital and system-wide wireless and mobile clinical workstation installations
across the U.S. and Canada. By delivering a better connection to information,
clinicians stay better connected with patients. For more information on Flo
Healthcare, visit www.flohealthcare.com or
call 877-FLO-4040.
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