Add-on Acquisition • Medical Products

Strive Medical Acquires ProMed DME

On June 24, 2024, Strive Medical acquired medical products company ProMed DME

Acquisition Context
  • This is Strive Medical’s 2nd transaction in the Medical Products sector.
  • This is Strive Medical’s 3rd transaction in the United States.
  • This is Strive Medical’s 2nd transaction in Florida.

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M&A Deal Summary

Date June 24, 2024
Target ProMed DME
Sector Medical Products
Buyer(s) Strive Medical
Deal Type Add-on Acquisition

Target Company

ProMed DME

Stuart, Florida, United States
ProMed DME is a durable medical equipment (“DME”) provider specializing in diabetic continuous glucose monitoring (CGM) supplies. ProMed DME was founded in 2020 and is based in Stuart, Florida.
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Buyer Overview 1

Buyer

Strive Medical

Irving, Texas, United States

Category Company
Founded 2008
Sector Medical Products
DESCRIPTION

Strive Medical provides urological, wound care, and other disposable medical supplies to patients in the home setting and wound care clinics across the US. Strive Medical was founded in 2008 and is based in Irving, Texas.


Deal Context for Buyer #
Overall 3 of 4
Sector: Medical Products 2 of 3
Type: Add-on Acquisition 2 of 3
State: Florida 2 of 2
Country: United States 3 of 4
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 US MED - Urology division

Doral, Florida, United States

US MED's Urology division deals with diseases of the male and female urinary tract products. US MED's Urology division is based in Doral, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-14 Charles Pharmacy

Bronx, New York, United States

Charles Pharmacy is a provider of pharmaceutical and diabetic services. Charles Pharmacy was founded in 1968 and is based in Bronx, New York.

Buy -