Drive Medical Acquires Columbia Medical™; Expands Presence in Pediatric Market

Port Washington, New York – March 31, 2015

Effective March 31, 2015, Drive Medical, a global manufacturer of durable medical equipment, is pleased to announce the acquisition of Columbia Medical*, a premier manufacturer of innovative complex rehabilitation products that enhance the lives of children with disabilities. For over 30 years, Columbia has manufactured high-quality assistive products such as wheelchairs, aircraft transfer chairs, bath and shower products, gait trainers and car seats. Based in California, Columbia is also known for its innovative Spirit Adjustable Positioning Car Seat and the Omni and Elite pediatric tub transfer systems.

Harvey Diamond, Chairman and CEO of Drive Medical states, “The acquisition of Columbia will greatly expand Drive's presence in the pediatric market through our Wenzelite division, and further diversify our portfolio of pediatric products. This is a quality organization that we welcome to the Drive family of Companies. Plus, with our recent acquisition of Specialised Orthotic Services (SOS) in the U.K., we believe there will be significant cross-selling and marketing opportunities with Wenzelite, Columbia Medical and SOS in the U.S. and Europe."

Richard Kolodny, Drive's President, said, “A key component of this acquisition is that Columbia will provide us with an additional sales platform for Drive's existing Wenzelite pediatric product line. Drive will also gain additional manufacturing capabilities and expertise in the pediatric space. This presents a significant growth of opportunity for Drive."

Gary Werschmidt, the Chief Executive Officer of Columbia Medical, will continue in his current role. According to Mr. Werschmidt, "We are delighted to align ourselves with Drive Medical, one of the fastest-growing manufacturers in the healthcare industry today. With Drive's resources and capabilities, Columbia Medical will thrive in the U.S. and European markets through access to a wider range of products, new distribution channels, and our continued commitment to unparalleled customer satisfaction."

*Columbia Medical was formerly a portfolio company of Triton Pacific Capital Partners.


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.


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