HASCO Medical, Inc. (OTCBB: HASC), www.HascoMed.com a managed healthcare provider that serves patients in Alabama, Florida, and Mississippi, is pleased to announce that the Company has completed the acquisition of all of the outstanding capital stock of Ride-Away Handicap Equipment Corp., a closely-held New Hampshire corporation (Ride-Away). The terms of the agreement are included in the Company's filings with the SEC, please visit www.sec.gov.
Starting in 1986, Ride-Away began modifying wheelchair vans for people with disabilities and quickly became a dominant leader of the vehicle modification industry. From the early stages of carpeting and paneling to full-service wheelchair van lifts and ramps, raised and lowered floor wheelchair van conversions, and full primary and secondary control modifications, Ride-Away has been a pioneer in the vehicle modification industry and continues to lead this growing and emerging market. Mark Lore, the founder and President of Ride-Away, will be staying on board to run the company. "Mark has over 25 years in the industry and we are excited that he has agreed to stay and help grow and drive the business," stated, Hal Compton Jr.
"Ride-Away is a great fit for HASCO Medical's long-term consolidation strategy," continued Hal Compton, Jr. CEO of HASCO Medical. "With the acquisition of Ride-Away, HASCO will now have over $70 million in annual sales. HASCO will continue looking to grow organically or through more acquisitions in the future. We look forward to continuing Ride-Away's commitment and impeccable service they provide to their customers."
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