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Drive Medical to buy Compass Health Brands to broaden offerings 

Drive Medical to buy Compass Health Brands to broaden offerings  Company seeks more comprehensive portfolio to position itself as ‘single trusted partner’ 

PORT WASHINGTON, N.Y. - Drive Medical has signed a definitive agreement to acquire Compass Health Brands, a supplier of branded and private-label consumer medical products, including ProBasics, Carex and TheraMed. 

Drive Medical says the acquisition further strengthens its product portfolio and expands its ability to serve retailers, consumers and health care providers with solutions across the continuum of care. 

“This acquisition represents an important step forward for Drive Medical as we continue to broaden our range of offerings, allowing customers to access a more comprehensive portfolio through a single trusted partner,” said Derek Lampert, CEO. 

Following the transaction, Middleburg Heights, Ohio-based Compass will operate as a division of Drive Medical to maintain continuity for customers, suppliers and employees, followed by a phased integration into the broader organization. 

Compass Health Brands says the acquisition provides the investment, infrastructure and global reach needed to accelerate innovation and scale its solutions. 

“Compass has always focused on creating meaningful brands and products that improve everyday care for people,” said Stuart Straus, CEO. 

Terms of the deal were not discussed. 

Drive Medical recently announced a return to its original company name from Drive DeVilbiss Healthcare.

In October, Kingswood Capital Management, a Los Angeles-based private equity firm, announced it had signed a definitive agreement to buy Drive DeVilbiss Healthcare from Clayton, Dubilier and Rice (CD&R). 

In June, Drive DeVilbiss Healthcare announced it had acquired the product line of De Oro Devices, the California-based company behind NexStride, a mobility aid designed to help people with Parkinson’s disease and other mobility-limiting conditions walk with greater safety and confidence.  

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