Lifestand Acquisition

Permobil Acquires French Company Lifestand

LEBANON, Tenn. (June 2, 2008) – Permobil, the world’s leader of innovative power wheelchairs, today announced its acquisition of LIFESTAND, a French company specializing in the design and manufacture of “stand-up” wheelchairs.  

As part of its international strategy, Permobil’s purchase of LIFESTAND represents the company’s ongoing commitment to providing top-of-the-line solutions for wheelchair users. The combined economies of scale will allow the companies to focus on the research and development of new technologies for this increasing segment of wheelchair users.

“The purchase of LIFESTAND allows Permobil to strengthen our product offering in the standing wheelchair category,” said Larry Jackson, President of Permobil, Inc. “For years, we have fought side-by-side with our Certified Providers and clinicians to educate the industry and funding sources on the benefits of standing chairs. The addition of LIFESTAND to our product mix enables us to better serve our customers and their needs.” Founded in France in 1978, LIFESTAND designs and manufactures wheelchairs, which enable a user to stand upright. These wheelchairs can be operated manually, semi-electronically or fully electronically. For more information about the company, visit www.lifestand-usa.com.  Permobil has been committed to enhancing the lives of the physically challenged for 40 years. Founded in Sweden, Permobil has its North American headquarters in Lebanon, TN. More information regarding the company’s storied history and complete product line can be obtained at www.permobil.com.

5/15/2008 1:57:00 PM