PORT WASHINGTON, N.Y. (September 23, 2019)—Drive DeVilbiss Healthcare (Drive) announced that it agreed in principle to receive $35 million in new capital together with a reduction in cash debt service obligations from its current lenders. The transaction has broad support across Drive’s capital structure, including a substantial majority of Drive’s first and second lien lenders and new capital from the company’s primary equity holders.
Bob Gilligan
PORT WASHINGTON, N.Y. (December 4, 2017)—Bob Gilligan, former CEO of GE Industrial Solutions, joined Drive DeVilbiss Healthcare as the new CEO today.
Harvey Diamond has assumed the role of Vice Chairman for Drive DeVilbiss Healthcare. In his new role, Diamond will serve as a senior advisor to the company and as a voice to customers, vendors and investors. He will continue to serve as a member of the Board of Directors.