BTE Technologies Acquires Controlling Interest in U.K.’s Hanoun Medical

March 25, 2004

BTE Technologies, Inc, a leading provider of technology-based physical and occupational therapy and rehabilitation solutions for the healthcare industry, announced that it has acquired a controlling interest in Hanoun Medical (UK) Limited from the U.K.’s Managed Medical Care Limited (MMC).

“Hanoun Medical (UK) Ltd. works with employers throughout the UK to create and implement customized programs that aid in managing risk and preventing injury in the workplace,” said the bulletin. “These programs, which are aimed at helping to lower employers’ liability premiums, entail matching worker capabilities to measured job demands, rehabilitating the workforce and reducing worker absence.”

Commenting on the acquisition, BTE’s CEO Thomas P. Rogan, stated: “The Hanoun Medical venture will bring together the strengths of BTE Technologies and MMC and enable the company to offer unrivaled, affordable client services risk management solutions throughout the UK. These types of wide-reaching employer services are not currently available within the British workplace, and we intend to offer a range of cost-effective solutions to employers across the country.”

Tom Grant, U.K. managing director, added: “The UK market for the provision of industrial injury prevention programs and workplace solutions is probably about five years behind the U.S. and Canada. This time lag represents a major opportunity for BTE Technologies in terms of potential for growth and the capturing of market share,
particularly given the unsustainably high costs of employers’ liability premiums now being required by UK insurers.”

He explained that “UK employers have become increasingly concerned about these rising costs and are seeking ways to curtail spiraling worker absence and litigation costs. Now, BTE Technologies will bring these employers tailored solutions along with the opportunity to control their escalating costs.”

Hanoun Medical (UK) Ltd. provides programs, services and solutions to a diverse UK client base including, among others, Honda of the UK Limited, Nomura, Rolls Royce, Bloomberg, Motorola and Pioneer Technology. MMC is the UK’s largest provider of functional assessments and the exclusive distributor of BTE Technologies’ products throughout the UK and Ireland.

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