Drive Medical announced that it has completed its largest acquisition to date, acquiring DeVilbiss Healthcare from Vestar Capital Partners effective July 2, 2015. The acquisition provides Drive, one of the fastest growing manufacturers of durable medical equipment, with one of the most valued brands in the respiratory and sleep categories in the healthcare industry. Terms of the transaction were not disclosed.
Ardent Health Services announced today it has recapitalized the company through a sale valued at $1.825 billion to Ventas, Inc. (NYSE: VTR), a leading real estate investment trust (REIT).
Effective December 15, 2014, Drive Medical is pleased to announce the acquisition of the business of Primus Medical, LLC, a leading manufacturer of innovative long-term care beds and related products. Located in Ohio, Primus manufactures high-quality leading-edge long-term care products, including full-function low beds, bariatric beds, lifts and chairs, therapeutic air and foam mattresses, lifts, slings and safety products. Primus has enjoyed great success in its launch of the PrimePlus®B1750 High Capacity Bed and PrimeCare®B901 High/Low Bed.
Oct. 15, 2014, MergeWorthRx Corp. (MWRX), a special purpose acquisition company focused on the U.S. healthcare services market, and privately-held AeroCare Holdings, Inc. (AeroCare), a national leader in home respiratory therapy services with annual revenue of approximately $150 million, announced today that they have signed a definitive merger agreement pursuant to which AeroCare will become a publicly traded company through an all-stock merger with MergeWorthRx. The transaction, when consummated, will provide the post-merger company with additional capital as well as public company currency to enhance and expand its organic growth initiatives and for future strategic transactions.
Drive Medical, a worldwide manufacturer and distributor of durable medical products, announces that it has acquired Dupont Medical, one of the leading manufacturers and distributors of healthcare products in France. The Company operates from a 175,000 square- foot, state-of-the-art facility located in Frouard, France.