Woodbury Health Products Completes Acquisition of Wilmington Medical Supply Inc.
OCEANSIDE, NEW YORK – October 1, 2010 – WPI Holdings d/b/a Woodbury Health Products (“Woodbury”), a portfolio company of HealthEdge Investment Partners, LLC (“HealthEdge”), announced today that it has completed the acquisition of Wilmington Medical Supply Inc. (“WMS”).
Based in Wilmington, North Carolina and founded in 1993, WMS is a distributor of home medical supplies and equipment, primarily focused on urological catheters and sterile kits. With a client base of over 700 customers, WMS coordinates the shipment of specialty medical supplies and acts as a resource for caregivers, patients, healthcare professionals and medical facilities, enabling clients to access hundreds of medical supplies in a convenient manner.
According to Woodbury CEO Brian Darling, “We are excited about this acquisition and its strategic fit with Woodbury Health Products. Wilmington enhances our product offering and extends our customer base into patients currently requiring catheters. The acquisition furthers our strategy in helping Woodbury Health Products become a leading direct to consumer distributor of incontinence and related healthcare products in the U.S.”
About Woodbury Health Products
Woodbury Health Products is a direct to consumer distributor of high quality incontinence products to customers in the United States. Incontinence is the lack of voluntary control of excretory functions and may be a permanent or temporary condition. The Company also sells gloves, creams, wipes, and other products required by their target customers. Woodbury maintains approximately 30,000 square feet of office and warehouse space in Oceanside, New York and also has a distribution center in South Florida.
About Wilmington Medical Supply
Wilmington Medical Supply is a direct to consumer distributor of home medical supplies and equipment. The Company primarily distributes urological catheters and sterile kits to patients discharged from hospitals or alternate site facilities that require products for home use. Based in Wilmington, North Carolina, WMS’s geographic presence is strongest in the southeastern United States. WMS holds licenses with Medicare and with Medicaid in 33 states and with most private insurance companies.
HealthEdge Investment Partners 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.
For more information, please contact Brian Darling at Woodbury Health Products at (516) 594- 8100 or Brian Anderson at HealthEdge at (813) 490-7102.