HASCO Medical Announces Acquisition of Mobility Freedom Inc. and Wheelchair Vans of America
MOBILE, Ala., May 17, 2011 /PRNewswire/ -- HASCO Medical, Inc. (OTCBB: HASC), www.mysouthernmed.com, a managed healthcare provider that serves patients in Alabama, Florida, and Mississippi, announced today its acquisition of Mobility Freedom Inc. and Wheelchair Vans of America.
Mobility Freedom offers their clients a complete inventory of new and used wheelchair accessible vans to their customers in the Clermont, Orlando, Tampa, Edgewater, Palm Coast and Pensacola area in Florida. They also offer additional services on most mobility vans with items such as extended warranty, adaptive equipment like automobile hand controls or EZ lock tie downs.
They are a licensed automobile dealer, home lift system provider, VA and VR state certified vendors and they are also exclusive vendors for certain Florida state funded agencies.
Wheelchair Vans of America specializes in renting conversion vans to the disabled individuals visiting the State of Florida. The vans have a lowered floor conversion with a fully automatic fold out ramp and kneeling system for ease of use.
Hal Compton, CEO of HASCO Medical, stated, "This is a great compliment to Mobility Freedom since none of the major car rental companies have wheelchair accessible conversion vans in their inventory of vehicles."
In the eleven years Mobility Freedom has been in operation, it has grown from $500,000 in sales in the first year to over $10 million in 2010. Mobility Freedom has four corporate owned stores and two affiliates for a total of six operation centers throughout the State of Florida. For more information, please visit www.mobilityfreedom.com.
Hal Compton continued, "The Mobility Freedom acquisition provides an important step in continuing Hasco Medical's strategy to be a healthcare industry consolidator."
About HASCO Medical, Inc.
HASCO Medical, Inc. is a managed healthcare provider of a broad range of home healthcare services that serve patients in Alabama, Florida, and Mississippi. The Company has two major service lines: home respiratory equipment and durable/ home medical equipment. The Company's objective is to be a leading provider of home health care products and services in the continental United States.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
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SOURCE HASCO Medical, Inc.