Drive DeVilbiss acquires Leading DME Brands from AMG Medical
Port Washington, NY, USA – Oktober 17, 2016
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 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.”