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Drive Medical Limited Acquires Welland Medical (Leicester) Expanding Its Global Footprint

17 March 2011

Drive Medical Logo Drive Medical Limited, a wholly-owned subsidiary of Drive Medical, is pleased to announce the acquisition of Welland Medical (Leicester). Welland is one of the largest manufacturers of homecare equipment and mobility products in the UK, which maintains all manufacturing, sourcing and development in the UK. The success of Welland has been built on its reputation for just-in-time supply of quality products and a high level of customer service. Welland has successfully grown its business through consistent delivery and service to the government sector in the UK.

According to Chairman and CEO of Drive, Harvey Diamond, "this acquisition expands our position as a global manufacturer and distributor of durable medical equipment and provides increased manufacturing capacity and more diversified design capabilities in Europe."

"By acquiring Welland, Drive Medical Limited becomes a major supplier in the social care sector and gains a new level of flexibility for just-in-time distribution," stated Richard McGleenan, Managing Director of Drive Medical Limited.

Trevor Beaumont, the founder of Welland, will continue as a Managing Director of Drive Medical Limited, and will continue to focus his efforts in the government sector. "Being a part of Drive Medical will enable us to offer a much wider range of quality products and value, with the same focus on customer service and satisfaction. I am looking forward to taking this expanded product range out to the market."

Terms of the acquisition were not disclosed.

About Welland Medical (Leicester) Formed in 1988, Welland is one of the largest independent manufacturers of healthcare equipment and mobility aids in the United Kingdom. The company produces cost effective, high quality healthcare equipment for use by professional health and social care establishments, local authorities, private nursing homes/hospitals, pharmacies, retail dealers and the general public.

Welland is famous for its development of a number of healthcare products, namely the best selling "Rutland Trolley Walker." They are the original designers of the ubiquitous perching/kitchen/shower stool, and offer the largest range of this product in the marketplace. Learn more by going to www.wellandmedical-leicester.co.uk.

About Drive Medical Drive Medical manufactures a complete line of durable medical equipment including mobility products, beds, bariatric products, wheelchairs, sleep surfaces and pressure prevention products, respiratory equipment, self assist products, power operated wheelchairs, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Currently, the Company has corporate offices and distribution facilities in the United States, Canada, the United Kingdom, Germany, Romania, China and Taiwan. The Company markets its products to customers located throughout the United States, Europe, Canada, Mexico, South America, Latin America, the Middle East and Asia. Drive Medical is one of the fastest growing major manufacturers and distributors of durable medical equipment. To learn more go to www.drivemedical.co.uk and www.drivemedical.com.

Key Contacts:

UK:
Contact: Alan Sullivan
Position: Marketing Manager
Email: sullivanal@drivemedical.co.uk
Tel: 01422 314488
Fax: 01422 314489
US:
Contact: Ed Link
Position: Chief Marketing Officer
Email: elink@drivemedical.com
Tel: (516) 998-4600
Fax: (516)918-5223
Welland Medical is a registered partnership in England and Wales
VAT number 485 4345 22