M&A Deal Summary

Compass Health Brands Acquires Garden City Medical

On September 30, 2016, Compass Health Brands acquired distribution company Garden City Medical from Invacare for 14M USD

Acquisition Highlights
  • This is Compass Health Brands’ 1st transaction in the Distribution sector.
  • This is Compass Health Brands’ largest (disclosed) transaction.
  • This is Compass Health Brands’ 6th transaction in the United States.
  • This is Compass Health Brands’ 1st transaction in Ohio.

M&A Deal Summary
Date 2016-09-30
Target Garden City Medical
Sector Distribution
Buyer(s) Compass Health Brands
Sellers(s) Invacare
Deal Type Divestiture
Deal Value 14M USD

Target

Garden City Medical

Elyria, Ohio, United States
Garden City Medical, Inc. (dba PMI and Pinnacle Medsource) is a distributer of primarily single-use products under the brand ProBasic.

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Buyer(S) 1

Buyer

Compass Health Brands

Middleburg Heights, Ohio, United States

website

Category Company
Founded 1993
Sector Medical Products
DESCRIPTION

Compass Health Brands is a provider of bath safety, durable medical equipment, health aids, medication compliance, mobility, pain management, personal care, respiratory, and sleep therapy serving both professional and consumer markets. Compass Health Brands was founded in 1993 and is based in Middleburg Heights, Ohio.

DEAL STATS #
Overall 6 of 7
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 6 of 7
Year (2016) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Meridian Medical

Knoxville, Tennessee, United States

Meridian Medical is a manufacturer and supplier of gel overlays, seating/positioning cushions, therapeutic support surfaces, lymphedema systems and respiratory products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Richmar

Chattanooga, Tennessee, United States

Richmar is a manufacture and commercializes medical devices and accessories for the treatment of musculoskeletal and soft tissue disorders. Richmar was established in 1968 and is based in Chattanooga, Tennessee.

Buy -

Seller(S) 1

SELLER

Invacare

Elyria, Ohio, United States

website

Category Company
Founded 1885
Sector Medical Products
Employees3,000
Revenue 872M USD (2021)
DESCRIPTION

Invacare is an American manufacturer and distributor of non-acute medical equipment including wheelchairs, mobility scooters, walkers, pressure care and positioning, as well as respiratory products. Invacare was founded in 1885 and is based in Elyria, Ohio.

DEAL STATS #
Overall 5 of 6
Sector (Distribution) 1 of 1
Type (Divestiture) 5 of 6
State (Ohio) 1 of 2
Country (United States) 5 of 6
Year (2016) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Altimate Medical

Morton, Minnesota, United States

Altimate Medical engages in the design, development, and manufacture of standing frames and equipment to improve the quality of life for kids and adults using wheelchairs. Altimate Medical was founded in 1987 and is based in Morton, Minnesota.

Sell $23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Invacare - Dynamic Controls Business

Elyria, Ohio, United States

Invacare Corp.'s Dynamic Controls Business is a manufacturer of electromotive technology products.

Sell -
Mergr

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