Drive Medical Acquires Business of Medquip, Inc.

Port Washington, New York

Drive Medical is pleased to announce the acquisition of the business of Medquip, Inc., a leading manufacturer of innovative healthcare products located in South Carolina. Medquip manufactures high-quality nebulizers, respiratory disposable products, pulse oximeters, TENS units, breast pumps and digital blood pressure equipment. The Company is best known for pioneering and developing its world-renowned AIRIAL™ line of pediatric nebulizers.

Harvey Diamond, Chairman and CEO of Drive Medical states, “This acquisition expands the Company’s consumer medical product portfolio and positions Drive as one of the leading manufacturers in the nebulizer and respiratory disposable product categories. Through this acquisition, Drive will also be adding breast pumps and digital blood pressure products which will provide additional retail opportunities to our customers.”

Craig Bright, the principal owner of Medquip, will be joining the Drive management team as Senior Vice President of Business Development, Respiratory Products, and will be directing the sales and marketing activities of the combined companies’ nebulizer and respiratory disposable product categories in North America. The operations of Medquip will be integrated into Drive’s state-of-the-art Southeast distribution center located in Atlanta, GA.

Mitchell Yoel, Executive Vice President of Drive Medical said, “Through this acquisition, HME providers will benefit from access to an expanded line of quality, respiratory-focused products, including access to the entire pediatric nebulizer product line of Medquip, as well as new engaging retail opportunities for the road ahead.”

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, 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 Medquip, go to: www.medquip.com.

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