Tarrytown, NY, January 3, 2011: Sverica International announced today that it acquired The Center for Wound Healing on December 24, 2010. The Center for Wound Healing is a leading manager of comprehensive wound care treatment centers that offer advanced wound care and hyperbaric oxygen therapy. The Center for Wound Healing currently manages 32 wound care centers in the eastern United States in partnership with local acute care hospitals.
David Finley, Managing Director at Sverica International, commented, “Sverica is excited to partner with a strong management team to provide much needed comprehensive wound treatment to a small but growing U.S. population. Supply-demand dynamics are highly favorable for hospitals that offer wound care services in conjunction with hyperbaric oxygen therapy and we believe that The Center for Wound Healing offers the most attractive partnership model for the many hospitals that seek to enhance their capabilities.”
Andrew Barnett, CEO of The Center for Wound Healing, Inc., added, “Our company is on the cusp of becoming a national provider of comprehensive wound care services. We are fortunate to have found in Sverica a strategic partner who shares our long-term vision of a company working in true partnership with its hospital clients. Sverica understands that the market for our services, measured by the many tens of millions of people who suffer from chronic wounds who can benefit from the wound care and hyperbaric oxygen therapies we provide, continues to grow at an extraordinary rate.”
About The Center for Wound Healing, Inc.
The Center for Wound Healing, Inc. is a leading manager of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). The Company manages 32 wound care centers in the eastern United States in partnership with local acute care hospitals. CFWH was founded by physicians in 1997 with a focus on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. The Company’s centers have consistently achieved high treatment success rates, resulting in a dramatic increase in patient quality of life and significant cost savings to the healthcare system. For more information, please visit www.centerwh.com.