Woodbury Products, Inc. Completes Acquisition of Med-Zone, Inc.
Woodbury Products, Inc. Completes Acquisition of Med-Zone, Inc.
Oceanside, New York — July 29, 2008 – HealthEdge Investment Partners, LLC (“HealthEdge”) and its portfolio company Woodbury Products, Inc. (“WPI”) announced today that WPI has completed the acquisition of Med-Zone, Inc. located in Port Charlotte, FL. Med-Zone’s Florida facility will remain open and handle shipping for the Company’s southeastern customers and expand its distribution capabilities.
According to the WPI CEO, Brian Darling, “This acquisition gives Woodbury a competitive edge with enhanced distribution capabilities in the southeast U.S. At the same time Med-Zone’s current clients will also have immediate access to Woodbury’s suite of premium products giving them a broader product selection to choose from.”
Mr. Lushka will stay on at Med-Zone as a consultant to assist with the integration of the Company into Woodbury’s platform. Woodbury will continue to seek additional acquisitions throughout the U.S. to build their distribution network.
Anout HealthEdge 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 Woodbury Products, Inc. (“WPI”) is a privately held distributor of high quality incontinence and related health care products and aides either directly to the users of such products or through state and local agencies who supply these products to their patients. The Company offers over 250 items, including baby and adult diapers, pull-ups, pads, and linens with approximately 50 different types of diapers. The Company also sells gloves, creams, wipes, and other products required by its target customers.
About Med-Zone Med-Zone, Inc. is a privately held distributor of high quality incontinence and related healthcare products and aides directly to the users of such products. The Company has a wide range of products, including diapers, pull-ups, pads, and linens. The Company also sells gloves, creams, wipes, and other related products required by its target customers.
For more information, please contact Harold Blue at HealthEdge Investment Partners at 917.755.1187