Drive Medical Group Acquires Park House Healthcare, solidifying Global Position in Pressure Prevention and Long-Term Care Markets
Drive Medical Limited, a wholly-owned subsidiary of Drive Medical and a global manufacturer and distributor of durable medical equipment, is pleased to announce the acquisition of Park House Healthcare, a worldwide manufacturer of specialist pressure care products, hospital and community beds, and moving and handling equipment.
Founded in 1984 and based in Bradford, West Yorkshire, UK, Park House Healthcare’s innovative product portfolio includes a wide range of clinically proven healthcare solutions, fully supported by clinical training programmes to the UK’s NHS, acute community and nursing home sectors. The company operates from a state-of-the-art corporate headquarters, with its service, training and distribution centres strategically located throughout the UK. The company’s international distribution network extends to more than 25 countries.
Harvey P. Diamond, Chairman and CEO of Drive Medical states, “We are excited to welcome Park House Healthcare into the Drive family of companies. This is a strategic acquisition for Drive Medical and will greatly enhance our global stature in the rapidly growing markets of pressure prevention and long term care. Furthermore, with this acquisition Drive gains a seasoned management team, led by Stephen Owens, who will bring a wealth of knowledge and experience to our organisation.”
Richard Kolodny, President of Drive Medical said, “The Park House acquisition extends our already significant presence in Europe, providing us with a full line of pressure prevention mattresses to complement Drive’s extensive product portfolio of long-term care beds. Park House will also expand Drive’s footprint into the NHS and long-term care markets in the UK.”
Richard McGleenan, Managing Director of Drive UK continues, “Park House Healthcare has established a leading reputation for providing high quality, innovative products and services to their customers. With over 25 distributors worldwide and over 30 years of healthcare experience in the UK, this is a key acquisition for Drive and extends our product portfolio in the pressure prevention and long-term care market segments. We look forward to working with Stephen and his team in expanding our business in this specialised area.”
Stephen Owens, Managing Director of Park House said “Everyone at Park House Healthcare is delighted with the acquisition by Drive Medical. It is an excellent fit for our people whilst providing a formidable platform to increase market share and quickly gain recognition as leaders in Pressure Care.”
Terms of the acquisition were not disclosed.
Visit the Park House Healthcare website here -