Drive Medical acquires assets of Mason Medical

PORT WASHINGTON, N.Y., April, 12, 2013—Effective April 12, 2013, Drive Medical is pleased to announce that one of its subsidiaries has acquired certain assets of Mason Medical, a leading manufacturer of pressure prevention products. In connection with the transaction, no liabilities were assumed.

For more than 40 years, Mason Medical has been a leading manufacturer of innerspring mattresses and pressure redistributing therapeutic support surfaces, including low air loss products, alternating pressure and lateral rotation air mattresses, gel overlays, multi-layered foam mattresses and an extensive line of wheelchair cushions. The transition of the manufacturing and distribution of the Mason product line will be seamless to all customers. Mason customers will continue to purchase and order products as they have prior to April 12, 2013. Drive’s subsidiary is committed to expanding the Mason Medical pressure prevention product line and providing the highest quality products and services to all customers. The addition of the Mason Medical product line will broaden the opportunity for HME providers to access high-quality long term care and homecare products. Drive’s subsidiary will continue to manufacture certain Mason pressure prevention products in the United States, as well as overseas.

Harvey Diamond, chairman and CEO of Drive Medical, said “We are pleased to expand our manufacturing capabilities in the pressure prevention category through the acquisition by Drive’s subsidiary of certain assets of Mason Medical. The addition of Mason’s product offerings will greatly enhance Drive Medical’s ability to meet the needs of customers and patients with additional innovative, functional products in the pressure prevention area.”

According to Richard Kolodny, president of Drive Medical, “The combination of Drive’s distribution capabilities and value-added programs with Mason’s comprehensive line of pressure prevention products will greatly benefit Mason and Drive customers who will now have access to a more complete line of high quality DME products and services. By manufacturing these key products, Drive will continue its commitment to providing the highest quality products and services in this critical product category.”

Mitch Yoel, executive vice president of business development and government affairs for Drive Medical, said “For several years, Drive has promoted a turnkey and comprehensive therapeutic support surface program, which has successfully grown this profitable business line for many of our HME providers. The integration of the Mason line of products to Drive Medical comes at an ideal time for providers looking for both value-added programs and cost-effective solutions and strategies to thrive in this challenging reimbursement environment.”

Financial and other terms of the transaction were not disclosed.

Drive Medical manufactures a complete line of durable medical equipment including mobility products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, respiratory equipment, self-assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Currently, the company has corporate offices and distribution facilities in the United States, Canada, the United Kingdom, Germany, Romania, China and Taiwan. The company markets its products to customers located throughout the United States, Europe, Canada, Mexico, South America, Latin America, the Middle East and Asia. Drive Medical is one of the fastest growing major manufacturers and distributors of durable medical equipment. To learn more go to www.drivemedical.com.

Mason Medical is a leading manufacturer of clinically innovative, cost effective pressure reducing therapeutic support surfaces to aid the health and well-being of patients. The company’s comprehensive product line includes support surface mattresses, innerspring mattresses, low air loss products, alternating pressure and gel overlays and wheelchair cushions. For more information visit www.masonmedical.com.