Floral Park, NY – April 8, 2016 –Woodbury Health Products Inc. (“Woodbury”) announced today that its affiliate, Wilmington Medical Supply, Inc., has acquired certain assets from Advanced Medical Group, LLC (“AMG”), a Southeastern United States distributor of home urological supplies. Woodbury is owned by funds managed by MTS Health Investors, LLC, (“MTS”) a New York-based private equity firm. Terms of the transaction were not disclosed.
Founded in 2006, AMG is a national specialty distributor of medicals supplies to customers with chronic medical conditions. AMG has developed an outstanding reputation in the home urological supplies distribution industry and has a proven record of strong supplier and customer relationships built through excellent service and consistent performance.
“We’re excited to complete this acquisition as we continue to execute on our growth strategy,” said Seth Segel, CEO of Woodbury. “AMG has a strong presence in several states throughout the Southeast that will help develop our business in this strategic region of the country.”
Woodbury Health Products, Inc. is distributor of incontinence and catheter-related supplies. The company offers a broad product portfolio of over 500 incontinence SKUs and over 650 catheter SKUs that are delivered directly to customers in their homes. Headquartered in Floral Park, NY, the company offers nationwide distribution from its central distribution center in North Carolina. For further information, please visit www.woodburyproducts.com.
MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes investments in operating companies within the healthcare industry. MTS focuses on companies that deliver greater value for every dollar spent in healthcare. Industry sectors in which MTS invests include: providers of outsourced solutions to the healthcare industry; providers of direct medical services to patients in an institutional, ambulatory, or home setting; providers of managed care and other healthcare insurance services; distributors of medical products; and manufacturers of low-technology medical devices and supplies. For further information, please visit www.mtshealthinvestors.com.