Savaria Corporation
TSX : SIS

Savaria Corporation

August 27, 2015 13:06 ET

Savaria Announces the Acquisition of Silver Cross Ottawa

LAVAL, QUEBEC--(Marketwired - Aug. 27, 2015) - Savaria Corporation ("Savaria") (TSX:SIS), North America's leader in the accessibility industry, announces the purchase of the assets of the Silver Cross franchise in Ottawa, Ontario, making this a corporate Silver Cross store.

"Savaria will pursue the opening of corporate Silver Cross stores in all key markets in Canada to complement our existing franchise locations. With the success of our store in Oakville, it is clear that the rapidly growing seniors market wants what we offer - great mobility products backed by excellent customer service. We will invest in more stores, including larger stores that will showcase more products including home elevators and accessible vans. Our goal is to truly cater to the mobility needs of the aging population," said Marcel Bourassa, President & CEO Savaria Corporation.

Silver Cross Ottawa sells stairlifts, wheelchair lifts, home elevators, wheelchairs, walkers and rollators, scooters, bath safety products and aids to daily living. Installation and after-sales service is also offered along with recycled equipment when available and short-term rentals. The showroom is open 9am to 5pm Monday to Friday and free in-home assessments can be made by appointment to accommodate client needs.

About Silver Cross

Silver Cross operates 16 franchise locations located in Canada and the US, with 2 corporate locations in Ontario. Savaria purchased the assets of the franchisor in September 2014. Founded in 1993, Silver Cross has served thousands of clients and the healthcare community.

Stores offer professional sales, installation and service of home medical equipment, as well as rental programs and recycled equipment. www.silvercross.com

About Savaria

Savaria is Canada's largest accessibility company with operations in Ontario and Quebec as well as a corporate assembly plant in Guangdong Province, China. The Corporation designs and builds home elevators, wheelchair lifts, stairlifts and accessible vans. With its network of over 400 active dealers and affiliates across North America, Savaria offers one of the widest portfolios of products to bring mobility to people for the home, public spaces and transportation. The Corporation is publicly traded on the Toronto Stock Exchange (TSX:SIS). www.savaria.com

Facebook: https://www.facebook.com/savariabettermobility

Twitter: https://twitter.com/Mobilityforlife

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