Drive Medical has acquired U.K.-based Specialized Orthotic Services (SOS), a manufacturer and distributor of specialized seating and mobility products. “The acquisition of Specialized Orthotic Services extends our already significant presence in Europe and expands our portfolio of products in the specialized seating and rehabilitation market,” stated Harvey Diamond, CEO of Drive Medical, in a press release. The acquisition complements Drive Medical’s Wenzelite line of mobility and seating products. Specialized Orthotic Services is known for its P Pod, Nessie and a wide range of other postural seating systems. “(These products) will enhance our global product offering in this market segment,” stated Richard Kolodny, president of Drive Medical, in the release. “We are confident that we will achieve additional growth in this area through the introduction of Drive’s complementary product lines to the SOS customers.” Terms of the deal were not disclosed.
Market Pulse transactions shown herein are provided as a matter of public record. These transactions have been compiled from press releases, corporate announcements and other public sources to provide an overview of acquisition and merger activities within the healthcare and life sciences sectors.