Fuqua Enterprises Expands into Medical Products Market

Strategic Insights -

Fuqua Enterprises, Inc. has announced plans to expand into the medical products market with the acquisition of Basic American Medical Products, Inc. and its latest purchase, the SSC Medical Products Division of Super Sagless, Inc. This move marks a significant step in Fuqua's strategy to diversify its business portfolio and enter the growing healthcare industry. Basic American is a leading manufacturer and distributor of healthcare equipment, while SSC specializes in beds and related products for the home health care market.

Key Takeaways:

  • Fuqua Enterprises has agreed to acquire Basic American Medical Products, Inc. to expand into the medical products market.
  • Basic American has purchased the SSC Medical Products Division of Super Sagless, Inc., which manufactures beds and related products for the home health care market.
  • The acquisition of SSC is the first step in Fuqua's expansion into the medical products market.
  • Lawrence P. Klamon, President of Fuqua Enterprises, stated that Basic American will be the core from which Fuqua Enterprises will expand in the medical products market.
  • Gene Minotto, President of Basic American, mentioned that the acquisition of SSC complements and broadens Basic American's line of home health care products.
  • SSC had sales of approximately $6 million in 1994.
  • The company's products include home care and nursing home beds, wheelchairs, patient lifts, accessories, and related products.

Statistics:

  • $6 million: 1994 sales of SSC Medical Products Division.
  • 1994: Year in which SSC had sales of approximately $6 million.

Sources:

  • PRNewswire, "Fuqua Enterprises, Inc. Announces Agreement to Acquire Basic American Medical Products, Inc. and its Subsidiary, SSC Medical Products Division of Super Sagless, Inc."
  • (FQE LEG)