Acquisitions

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Acquisitions

Acquisitions

In September 2011, the Company completed the acquisition of Dynamic Medical Systems (DMS), a solutions-based service organization with a strong presence in the western United States, for $41,465,000, which was paid in cash.  The acquisition gives the Company a national rental footprint, which strategically enhances the Company's ability to service regional and national long-term care providers. DMS has a clinical solution selling approach for wound therapies, safe patient handling and other rental applications in institutional settings. Pursuant to the purchase agreement, the Company paid $9,000,000 in 2012 for contingent consideration thus eliminating the liability.

In October 2011, the Company acquired a developed technology intangible asset and inventory related to a negative pressure wound therapy product in the United States for $965,000. The intangible was determined to be impaired in the fourth quarter of 2013 and was written-off.

The results of the acquisitions are included in the Institutional Products Group (IPG) segment since the date of acquisition.