North Andover, Mass. Andover Medical, Inc. (AMI) (OTCBB:ADOV.OB) has entered into a letter of intent with New York based Ortho-Medical, Inc. to acquire all of its outstanding stock.

The acquisition will represent the first consolidation for AMI in the orthopedic durable medical goods space and furthers the Companys objective of rolling up smaller businesses to gain efficiencies and increase profit margins. AMI said the deal will add important product lines and new distribution channels. It is intended to serve as the springboard for further growth in the orthopedic medical area. AMIs intention is to consolidate ordering, inventory and reimbursement billing, and expects to extract inefficiencies out of the consolidation.

Ortho-Medical Products, Inc. is a full-service company specializing in procedure specific orthopedic durable medical equipment, respiratory equipment, and orthotics and prosthetics. It services the five boroughs of New York City, Nassau, Suffolk and Westchester Counties, Northern New Jersey, Upper New York State and the State of Connecticut. Ortho-Medical, Inc.s objective is to make this network available to Case Managers, Preferred Provider Organizations and Health Maintenance Organizations. The company strives to provide quality care and services.


This acquisition is expected to position Ortho-Medical Products for continued strong growth and enable it to be part of this needed industry consolidation which will result in better customer service and higher operating margins says Marc Waldman, Exec VP Business Development for Ortho-Medical. Once this deal closes, I plan on intensifying my efforts to find other strategic acquisitions for AMI, continued Marc Waldman.

About Andover Medical, Inc.
Andover Medical, Inc. (AMI) is building a single source provider of orthopedic, podiatric and urological durable medical equipment and incontinence treatment solutions. The Company intends to establish a nationwide subsidiary network and plans to offer physicians the largest selection of competitively priced brand-name durable medical equipment, and urodynamic diagnostic and treatment products. For more information, please call (978) 557-1001 or visit www.andovermedical.com.

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