HealthEdge Sells Woodbury to MTS
Oceanside, NY & Tampa, FL – March 7, 2012 – HealthEdge Investment Fund, L.P. (“HealthEdge”), a Tampa, Florida-based private equity group focused exclusively on healthcare, has sold Oceanside, New York – based Woodbury Health Products, Inc. (“Woodbury”) to MTS Health Investors, LLC (“MTS”).
Woodbury is a leading direct-to-consumer distributor of high quality healthcare products, particularly incontinence, urological, and nutrition therapy-related products. In addition to the Company’s direct-to-consumer sales programs, Woodbury also sells to state and local agencies who supply these products to their patients. Woodbury operates distribution facilities in New York, Florida, and North Carolina.
Brian Anderson, Managing Partner of HealthEdge, said, “We are delighted with what Woodbury has achieved over the course of our investment. With our assistance in completing five add-on acquisitions, the management team was able to double the size of the business, expand its product offering, and transform it into a leading direct-to-consumer distributor of high quality healthcare products. We’ve built a nice platform in an industry that will likely continue to consolidate.”
Jeff Thompson, Chairman of Woodbury and HealthEdge Operating Partner, added, “We are pleased the business we helped build at Woodbury has led to this new opportunity for the company’s future. Together with HealthEdge, we executed on a buy-and-build strategy and transformed Woodbury into a leading distribution business highly regarded for providing its customers with personalized attention.”
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.
About Woodbury Health Products
Woodbury is a leading direct-to-consumer distributor of high quality healthcare products. The Company currently offers over 500 different types of incontinence, urological, and other healthcare-related consumables, care giving accessories, and nutrition therapy-related products. In addition to the Company’s direct-to-consumer sales programs, Woodbury also sells to state and local agencies who supply these products to their patients. In October 2010, the Company acquired Wilmington Medical Supply, a distributor of home medical supplies and equipment- primarily urological catheters and sterile kits.