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Posted 17th June 2015

Growth for Drive Medical Limited

Drive Medical Limited, a leading manufacturer and distributor of durable mobility equipment in Europe, has experienced significant growth following the acquisition of two companies.

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Growth for Drive Medical Limited

Growth for Drive Medical Limited

Drive Medical Limited, a leading manufacturer and distributor of durable mobility equipment in Europe, has experienced significant growth following the acquisition of two companies.

The Elland-based business recently acquired Specialist Orthotic Services Limited (SOS) and Parkhouse Healthcare, more than doubling staff numbers from 210 in 2014 to 430 in 2015. Sales have also been boosted from £46.6 million to £69.3 million, an increase of a third.

SOS is an innovative manufacturer and distributor of specialised seating and mobility products. Parkhouse Healthcare is a leading supplier of specialist pressure area care equipment, hospital and community beds, and service and maintenance provisions. The acquisitions will bring new product additions and innovations to Drive Medical Limited’s product portfolio.

Richard McGleenan, managing director at Drive Medical Limited, commented, “We are really pleased with the growth that the recent acquisitions have brought to the company, and we are proud to welcome all of the new staff members to the Drive Medical team.”

Drive Medical Limited is a wholly owned subsidiary of Drive Medical, one of the fastest growing major manufacturers and distributors of durable medical and mobility equipment in the home healthcare, medical/surgical and rehabilitation markets throughout the world.

About Drive Medical

Drive Medical manufactures a complete line of durable medical equipment including mobility products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, respiratory equipment, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Currently, the Company has corporate offices and distribution facilities in the United States, Canada, the United Kingdom, Germany, France, Spain, Romania, Australia, China and Taiwan. The Company markets its products to customers located throughout the United States, Europe, Canada, Mexico, South America, Latin America, the Middle East, Australasia, and Asia. Drive Medical is one of the fastest growing major manufacturers and distributors of durable medical equipment. To learn more go to www.drivemedical.co.uk.

Categories: M&A, Strategy

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