Prism Medical Ltd. Agrees to Be Acquired by Handicare Group AB - Seite 3

Complete details of the Arrangement are set out in the Arrangement Agreement, which will be filed by Prism Medical with Canadian securities regulators and will be available for viewing under Prism Medical's profile at www.sedar.com.

Canaccord Genuity Corp. is acting as financial advisor to Prism Medical. Torys LLP is acting as legal counsel to Prism Medical. Fasken Martineau DuMoulin LLP is acting as legal counsel to Handicare.

Unless otherwise stated, all amounts in this news release are expressed in Canadian dollars.

ABOUT PRISM MEDICAL

Prism Medical is a vertically integrated manufacturer and leading provider of equipment and services used to move and handle mobility challenged individuals in a safe and dignified manner. Prism Medical's products are marketed under the brand names of Prism Medical, ErgoSafe, Waverley Glen and Nightingale in the homecare, acute care and long-term care markets throughout North America. Prism Medical offers solutions that encourage improved care, quality of life and mobility, while seeking to lower the overall cost of the caregiving function in a number of ways, including reducing the incidence of handling-related injuries among caregivers. Through its network of dealers, Prism Medical provides an integrated suite of products and services that make homecare a viable option for many people. For further information visit Prism Medical's website at www.prismmedicalltd.com or www.sedar.com.

ABOUT HANDICARE GROUP AB

Handicare was founded in 1986 and supplies technical aids for the elderly and physically disabled. Its products include stairlifts, transfer and lifting products, automobile adaptation solutions and homecare products. Handicare's brand products are distributed through a comprehensive network of professional dealers and distributors in 30 countries around the world. Through its subsidiary Puls, the group is also a market leader in the sale of capital goods and consumables to hospitals and institutions in Norway. Handicare has 950 employees and its headquarters in Kista, Sweden, and has subsidiaries in Norway, Denmark, Germany, the Netherlands, England, Belgium, France, and the US. For more information, please see www.handicare.com.