Patterson Medical Ltd a value-added supplier of specialist medical and rehabilitation products has acquired Physio Med Services, a distributor of physiotherapy supplies and Ausmedic an Australian based supplier of rehabilitation, mobility and therapy products. In addition, an exclusive agreement has been reached to purchase Days Healthcare, a provider of daily living and mobility aids.
Patterson Medical Ltd. is a wholly-owned business of Patterson Companies Inc, a publicly quoted US corporation serving the dental, veterinary and medical markets, with annual sales of approximately $3 billion.
Patterson Medical Ltd was until recently known as Homecraft Rolyan, and currently trades in the UK using the Homecraft and Mobilis Rolyan brands. The company is long established being created in 1946, and is a value added distributor of daily living and therapy products to hospitals, clinics, retail and to export markets. It offers a strong range of exclusive own-label lines and produces a series of market-leading product catalogues, publishing more than a million copies each year. Patterson Medical Ltd employs approximately 286 people and has combined sales of approximately 50 million pounds. The company is based in Huthwaite, Nottinghamshire.
Physio Med Services brings market expertise in physiotherapy to the newly enlarged company, together with a strong customer base that includes NHS and private hospitals, and independent practitioners. Amongst its most notable brands are Theraband Progressive Exercise equipment, BioFreeze pain relieving products and Chattanooga rehabilitation equipment.
Patterson Medical's international reach is strengthened by the acquisition of Ausmedic, a supplier of physiotherapy, mobility and rehabilitation products to Australian and New Zealand physiotherapists, public and private hospitals and retailers. Ausmedic offers a comprehensive product range including its own designed and manufactured treatment tables and electrotherapy devices using the Metron brand.
Days Healthcare is long established supplier of mobility and rehabilitation products to hospitals, local authorities, nursing homes, retailers and other domestic and international distributors. Days offer a broad range of daily living and mobility aids, beds, scooters and wheelchairs many of which are proprietary to Days with established brand names including Atlantic, Casacare, Viper and Strider.
Dave Sproat, President of Patterson Medical commented, “This acquisition further expands the Patterson Medical foot print in the international market. We are excited about strengthening our physical therapy operations in the UK and Australia, in addition to enhancing our daily living and mobility presence. In addition to strong customer relationships, established brands and unique products, this acquisition will be a major contributor to our long-term value-added strategy”
David Amson, Managing Director of Patterson Medical Ltd said, “Patterson Medical is delighted to acquire these businesses. There are clear synergies and this acquisition, combined with our existing market strengths, will position us very competitively for future growth. This acquisition will enable us to strengthen our full service proposition in existing and new markets. All three businesses are highly respected and have an attractive portfolio of products and brands which will be of great interest to existing Patterson Medical Customers”
With expanding operations in North America and the UK, in addition to a corporate presence in France through subsidiaries Kinetec and Sacedi, Patterson Medical is well placed to grow its share of the global rehabilitation sector. Moreover, further market growth is being fuelled by a combination of demographic, social and political factors.
With a ‘one stop' range of mobility and disability aids, therapy products and healthcare solutions supported by an extensive team of domestic and international sales professionals, first rate customer service and distribution, Patterson Medical Ltd. and the newly acquired businesses are set to capitalise on this distinct market trend.