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drive medical

Drive Medical: Financed and ready

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11/05/2013

PORT WASHINGTON, N.Y. – A recently announced $115 million loan from GE Capital, Healthcare Financial Services, puts Drive Medical in a position to make “game-changing acquisitions,” says Doug Francis, principal and co-founder.

In brief: Drive secures loan, Medtrade recognizes best

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10/11/2013

BETHESDA, Md. – Drive Medical is refinancing existing debt and supporting ongoing capital and growth needs with a $115 million loan, according to financing administrator GE Capital, Healthcare Financial Services.

Drive Medical secures $115 million loan

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10/09/2013

BETHESDA, Md. – With a $115 million loan, Drive Medical is refinancing existing debt and supporting ongoing capital and growth needs, according to financing administrator GE Capital, Healthcare Financial Services.

Drive Medical aids in breast cancer fight

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08/28/2013

PORT WASHINGTON, N.Y. – Drive Medical is partnering with the American Cancer Society (ACS) to raise money to fight breast cancer, it announced Aug. 27.

Drive Medical agrees to hold back two masks

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07/23/2013

PORT WASHINGTON, N.Y. – Drive Medical announced today (July 23) that it has agreed to stop importing and selling certain CPAP masks as part of a consent order approved July 19 by the International Trade Commission (ITC).

Drive Medical acquires assets of Mason Medical

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04/12/2013

PORT WASHINGTON, N.Y. – Drive Medical announced today that one of its subsidiaries has acquired certain assets of Mason Medical, a move that expands its presence in the pressure prevention market.

In brief: Investor buys Permobil, Drive responds to lawsuit

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04/05/2013

STOCKHOLM, Sweden – Permobil, a manufacturer of high-end power wheelchairs, has been acquired by Investor AB, a Swedish investment firm. Private equity firm Nordic Capital agreed to sell Permobil for $842.3 million.

Drive Medical suspends sale of certain CPAP masks

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04/03/2013

PORT WASHINGTON, N.Y. – In light of a lawsuit filed by ResMed, Drive Medical has suspended the sale and marketing of several of its CPAP masks, the company has announced.

In brief: ResMed lawsuit, surety bond update

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03/29/2013

SAN DIEGO – ResMed has sued Taiwanese manufacturer Apex Medical and its U.S. distributor, Medical Depot, doing business as Drive Medical, to stop alleged patent infringement. ResMed has filed parallel legal actions in the International Trade Commission (ITC) and U.S.

ResMed files patent lawsuit

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03/29/2013

SAN DIEGO – ResMed has sued Taiwanese manufacturer Apex Medical and its U.S. distributor, Medical Depot, doing business as Drive Medical, to stop alleged patent infringement.

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