Drive DeVilbiss acquires leading Canadian DME brands
PORT WASHINGTON, N.Y. — Drive DeVilbiss Healthcare on Monday announced that its subsidiary, Drive Medical Canada, had acquired AMG Medical’s mobility and bathroom safety DME business. The terms of the deal were not disclosed.
The acquired brands — Hugo, Profilio, AquaSense and Airgo — are Canada’s premier DME brands and are marketed and distributed through the country’s major wholesalers, pharmacies and homecare dealers.
“This is a strategic acquisition for Drive Medical Canada,” Drive chairman and CEO Harvey Diamond said. “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.”
During a 90-day transition period, Drive Medical Canada and the acquired brands will operate independently until they are integrated. Drive DeVilbiss Healthcare said the acquisition will enhance Drive’s position in the market in Canada while adding recognizable products to the company’s portfolio.
“We are delighted that our brands will be in the hands of one of the leading global manufacturers of medical products,” AMG Medical president Philip del Buey said. “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.”