Drive becomes ‘go-to source’
PORT WASHINGTON, N.Y. – Drive Medical announced today that it has bought DeVilbiss Healthcare, solidifying its platform in the respiratory and sleep markets.
Previously, in 2011, Drive Medical bought Inovo/Chad Therapeutics.
“We will continue to grow the DeVilbiss product lines, along with Drive’s extensive portfolio of medical equipment,” stated Richard Kolodny, president of Drive Medical in a press release. “With our Chad brand of oxygen conserving devices and other respiratory products, we will become the go-to source for all of our customers’ medical equipment needs.”
In the short term, as they work to integrate, Drive Medical and DeVilbiss Healthcare will operate independently. Once the integration is complete, the new company will be known as Drive DeVilbiss.
DeVilbiss Healthcare is the largest and latest acquisition for Drive Medical. In about a one-year span, the company has acquired eight companies in the U.S. and overseas, most recently Park House Healthcare (beds) and Columbia Medical (mobility).
Richard Kocinski, CEO of Drive’s Chad manufacturing operations and a former CEO of DeVilbiss Healthcare, has become managing director of DeVilbiss. Oliver Niemann, head of DeVilbiss International, will continue in that role.
While Drive Medical and DeVilbiss will eventually integrate in the U.S., they will continue to operate independently in the rest of the world.