September 23, 2017 8:54 AM ET

Healthcare Equipment and Supplies

Company Overview of Medical Depot, Inc.

Company Overview

Medical Depot, Inc., doing business as Drive DeVilbiss Healthcare, manufactures and distributes medical equipment. The company offers mobility products, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, respiratory equipment, self-assist products, power wheelchairs, rehabilitation products, pediatric products, patient room equipment, and electrotherapy devices. It also offers walkers, rollators, canes and crutches, power scooters; power wheelchair/scooter accessories; personal care products, such as lifestyle, dressing, eating, heating pad, seating and positioning, mobility, electrotherapy, cushion, patient alarm, and other products; bathroom products, such as...

99 Seaview Boulevard

Port Washington, NY 11050

United States

Founded in 1984

Phone:

516-998-4600

Fax:

516-998-4601

Key Executives for Medical Depot, Inc.

Founder, Chairman of the Board and Chief Executive Officer
Age: 63
Principal Founder and Executive Vice President of Sales
Principal Founder & Executive Vice President of Commercial Operations - EMEA
CFO & Executive VP
Age: 45
Vice President of Operations
Compensation as of Fiscal Year 2017.

Medical Depot, Inc. Key Developments

Medical Depot Mulls Acquisitions

Medical Depot, Inc. (Drive DeVilbiss Healthcare), which has received investment from Clayton, Clayton, Dubilier & Rice, Inc. (CD&R), is looking for acquisitions. Derek Strum, CD&R Principal, stated, “We believe Drive has substantial runway for continued organic growth given the company's strong value proposition, partnership approach with its customers and significant product breadth. Drive also has a strong pipeline of acquisitions, which should result in continued robust growth in the years ahead.”

Clayton, Dubilier & Rice Reportedly To Buy Medical Depot

Clayton, Dubilier & Rice, Inc. is in advanced talks to buy Medical Depot, Inc. for $750 million, including the assumption of debt, according to people familiar with the matter. CD&R has prevailed in an auction for privately held Drive DeVilbiss and could strike a deal in the coming days, the sources said. They cautioned that the negotiations could still fall apart at the last minute.

Medical Depot Reportedly Mulls Sale

Medical Depot, Inc. is exploring a potential sale that could value the company at more than $1 billion, including debt, according to people familiar with the matter. Medical Depot has hired Robert W. Baird & Co to carry out a sale process, the people said this week. The process may result in the sale of a majority or minority stake in the company, with the management team retaining a portion of the equity, the people added. Drive Medical declined to comment. Ferrer, Freeman & Company and Robert W. Baird did not reply to requests for comment.

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