Drive Acquires DME Brands
October 17th 2016
Drive DeVilbiss Acquires Leading DME Brands from AMG MedicalMORE INFO
Drive DeVilbiss Healthcare, a global manufacturer of medical products, announced today that its wholly-owned subsidiary, Drive Medical Canada, has acquired the mobility and bathroom safety DME brand business of AMG Medical, effective October 17, 2016.
These brands —Hugo®, Profilio®, AquaSense®, and Airgo®— represent the premier DME brands in Canada and are marketed and distributed to all major wholesalers, pharmacies and homecare dealers throughout Canada. Terms of the transaction were not disclosed.
During a ninety-day transition period, Drive Medical Canada and the acquired AMG brands will operate independently until the businesses are seamlessly integrated.
The acquisition of the four brands will enhance Drive’s market position in Canada, and provide Drive with innovative, patented mobility and bathroom safety products that are recognized for their high quality, safety and reliability. Drive will continue AMG’s history of product and design innovation.
Harvey Diamond, Chairman and Chief Executive Officer of Drive said, “This is a strategic acquisition for Drive Medical Canada. Adding these well-known brands to the Drive family of products provides us with brand leverage and distribution into all major wholesalers, retailers and homecare dealers throughout Canada. In addition, we look forward to promoting these prestigious products to our customers in the United States and all over the world.”
Philip del Buey, President of AMG Medical, stated, “We are delighted that our brands will be in the hands of one of the leading global manufacturers of medical products. Like AMG, Drive is dedicated to providing high quality products and first-class service to our customers. By aligning these important brands with Drive, we foresee major growth for them.”
According to Kathy Sarafian, CEO of Drive Medical Canada, the Montreal-based office and key personnel associated with the brands will remain in place in order to maintain business continuity. “AMG has built a terrific team around these products, and we welcome them to Team Drive. We intend to continue to provide the quality, service and support that AMG’s customers have come to rely upon, along with Drive’s extensive product portfolio and distribution network."
About Drive DeVilbiss Healthcare
Headquartered in Port Washington, New York, Drive DeVilbiss Healthcare manufactures a complete line of medical products, including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices.
Currently, the Company has corporate offices, manufacturing facilities and distribution facilities located throughout the United States, Canada, the United Kingdom, France, Germany, China, Hong Kong, Romania, Australia, the Netherlands and India. The Company markets its products to customers located throughout the United States, Europe, Canada, Mexico, Central and South America, the Middle East and Asia. For more information, visit www.drivemedical.com.
About AMG Medical Inc.
AMG Medical Inc. manufactures, imports, packages and distributes home healthcare and medical professional products. The Company’s broad product line includes more than 3,500 products that deliver freedom and empower people to live and feel better. For more information, visit www.amgmedical.com.
Innovative products that help make the bathroom safer for the whole family.
Innovative Mobility Products offering superior comfort, security & support.
Thoughtfully designed mobility products offering you the support needed to go anywhere.