Compass Health Brands Acquires Strengthtape
Holder of many brands in the DME market picks up maker of the official kinesiology tape of Ironman events.
- By David Kopf
- Apr 28, 2016
Compass Health Brands, a parent corporation of multiple HME industry brands, has acquired the StrengthTape brand of kinesiology tape along with other associated assets from the privately held company Endevr.
Endevr built StrengthTape into a leading kinesiology tape brand that eventually became the official kinesiology tape of the Ironman triathlon.
“We have always admired the StrengthTape brand and its leadership in the kinesiology tape segment,” said Jim Hileman, Interim CEO and CFO of Compass Health Brands. “StrengthTape helps to further expand our portfolio of professional and retail pain management products.”
Hileman added that Compass would leverage its sales and logistics network to expand StrengthTape sales. Compass’ brands include Carex, AccuRelief, Apex, Bed Buddy and TheraMed.
“I am pleased to hand over the StrengthTape reins to a company which shares my passion for improving the well-being of others,” said Steve Schone, founder of Endevr, who added that Compass has been a partner of ENDEVR for several years.
Kinesiology tape helps athletes and fitness buffs recover from injuries by providing support and stability for injured muscles, joints, and tendons without limiting range of motion, like a traditional brace or bandage would. The StrengthTape product line includes 35 meter uncut continuous rolls, pre-cut 5 meter rolls, and precut kits.
David Kopf is the Publisher and Executive Editor of HME Business and DME Pharmacy magazines. Follow him on Twitter at @postacutenews.