Drive Medical Acquires Specialised Orthotic Services Ltd.; Expands Presence in Specialized Seating Market

Port Washington, New York – January 26, 2015

Drive Medical Limited, a leading manufacturer and distributor of durable medical equipment in Europe, is pleased to announce the acquisition of Specialised Orthotic Services Ltd. (SOS), an innovative manufacturer and distributor of specialized seating and mobility products, effective January 23, 2015. Drive Medical Limited is a wholly-owned subsidiary of Drive Medical.

Established in 1980 by its founder and current Managing Director, Gordon McQuilton MBE, SOS provides innovative specialized seating systems and other rehabilitation products to aid mobility and daily living. Recognized as experts in the complex area of postural management, SOS has established itself as the leader in its field. Drive Medical Limited also acquired the manufacturing and distribution facility of SOS located in Staffordshire, England.

Harvey P. Diamond, Chairman and CEO of Drive Medical states, “The acquisition of Specialised Orthotic Services extends our already significant presence in Europe and expands our portfolio of products in the specialized seating and rehabilitation market. The research and development team at SOS continually develops new products and services for customers to use in their homes and communities. This is a strategic acquisition for the Drive family of companies, and complements Drive’s U.S. Wenzelite line of mobility and seating products for children and adults. With the acquisition of SOS, Drive Medical has acquired a seasoned management team under the outstanding leadership of Gordon McQuilton MBE.”

Richard Kolodny, President of Drive Medical said, “SOS was the first dedicated specialized seating company in the U.K., and its reputation for providing innovative products and quality of service was a strong factor in Drive’s decision to acquire the Company. Products such as the ‘P’ Pod, Nessie and the wide range of postural seating systems will enhance our global product offering in this market segment. 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. We look forward to working with Gordon and his team to develop our business in this specialized area.”

“Here at Specialised Orthotic Services we put our customers and clients at the heart of everything we do. Our passion is to provide an effective and caring service and we are very proud of the excellent reputation we have achieved over the past 30-plus years,” Gordon McQuilton MBE, Managing Director of SOS, comments. “We are absolutely thrilled to be starting a new and exciting chapter as part of the Drive Medical family of companies. We believe the partnership will allow our organization to thrive in new and current markets with the additional resources that Drive will provide, ensuring our customers’ expectations are always exceeded.”

Terms of the acquisition were not disclosed.

About Drive Medical
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, France, Germany, Romania, Australia, 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 about Drive Medical, go to: www.drivemedical.com

To learn more about Specialised Orthotic Services Ltd. go to: www.specialisedorthoticservices.co.uk

Key Contacts

Contact: Ed Link
Position: Chief Marketing Officer
Email:elink@drivemedical.com
Tel: (516) 998-4600, extension 4227
Fax: (516) 918-5223