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WARRENVILLE, Ill. — Patterson Medical is purchasing Performance Health in what is being described as a complementary combination that will serve as a multichannel branded supplier to rehabilitation, recovery and sports medicine customers. Financial terms were not disclosed.
Patterson Medical is a distributor of rehabilitation, sports medicine and patient care products. Performance Health is a manufacturer and supplier of consumer branded health, wellness and self-care products. The former company, backed by majority shareholder Madison Dearborn Partners, is acquiring Performance Health from Gridiron Capital.
“Patterson Medical and Performance Health are natural partners, and we look forward to realizing the significant potential our combination presents to our customers, employees and entire supply chain,” commented Mike Orschein, chief executive officer of Patterson Medical.
The combined company is expected to have an expansive supplier, distributor and retail network.
“Joining Patterson Medical offers Performance Health and all of our core constituents the opportunity for continued success and growth,” said Performance Health CEO Marshal Dahneke.
