NEW YORK – Tunstall Healthcare Group, one of the largest telehealth providers in England, has completed its acquisition of the New York-based American Medical Alert Corporation (AMAC), which develops remote health monitoring and 24/7 communication services.
The deal, which was first announced in September, is said to be worth $82.3 million.
[See also: American Medical Alert to be acquired by UK's Tunstall Healthcare.]
“We welcome and embrace the opportunity to serve as the foundational acquisition serving the North American territory on behalf of Tunstall," said Jack Rhian, CEO of AMAC. "With Tunstall’s exceptional engineering and manufacturing capabilities complementing AMAC’s high touch communication and monitoring competence, AMAC will be uniquely positioned to serve the full spectrum of healthcare providers with remote patient monitoring devices and services as the U.S. government and medical providers seek to provide accountable and cost efficient patient care.”
"With this acquisition, Tunstall now has a strong North American business, including our successful business in Canada, that will enable us to grow in a market place increasingly requiring our products and services,” added Gil Baldwin, Group CEO, Tunstall Healthcare Group.
