Press Release: Prism Medical : Prism Medical Ltd. Shareholders Approve Previously Announced Acquisition

TORONTO, ONTARIO--(Marketwired - Aug. 26, 2016) - Prism Medical Ltd. ("Prism Medical") (TSX VENTURE:PM) today announces the results of its special meeting (the "Special Meeting") of the holders of common shares of Prism Medical (the "Shareholders") held today. At the Special Meeting, Shareholders passed a resolution to approve the previously announced arrangement between Handicare Holdings Ltd. ("Handicare"), an indirect wholly-owned subsidiary of Handicare Group AB, and Prism Medical pursuant to which Handicare will acquire all of the outstanding common shares of Prism Medical for $14.00 per share by way of a court approved plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement").