Drive Medical Ltd. acquires Product Lines of Days Healthcare in the UK

Drive

Port Washington, New York – May 19, 2014

Drive Medical Limited, a leading manufacturer and distributor of durable medical equipment in the European market, is pleased to announce the acquisition of certain product lines of Days Healthcare from Patterson Medical Limited.

The product lines acquired include homecare and long-term care beds, mobility scooters, powered and configured wheelchairs, riser recliner products, hoists and other related items. As part of the acquisition, Drive now markets such well known and established brands as Casa (beds and hoists), ST (scooters), Seren, Volt and Multego (powered wheelchairs) and Serena (riser recliner chairs). Drive also acquired the manufacturing and distribution facility of Days Healthcare located at Bridgend, Wales.

“We are excited to add the Days Healthcare product lines to the Drive family of products,” said Richard McGleenan, Managing Director of Drive U.K. “The combination of the Days Healthcare product line with Drive’s broad product portfolio will greatly accelerate the growth of Drive Medical in the European market. Additionally, this acquisition increases our presence in the mobility sector while adding new products and technologies to our existing product offering.”

In addition to the new product opportunities for Drive’s existing customer base in the European market, this acquisition will enable the company to enter the long-term care market and become a leading player in the homecare bed market in Europe.

According to Chairman and CEO of Drive, Harvey Diamond, "Not only does this acquisition expand our growing presence in the European marketplace and enhance our position as a global manufacturer and distributor of durable medical equipment, it also provides increased manufacturing capacity and more diversified design and technology capabilities in Europe."

Drive Medical Limited is a wholly-owned subsidiary of Drive Medical.