Capstone Partners’ Special Situations Investment Banking Group (SSIB) advised Compass Health Brands (Compass or the Company) on its sale to Drive Medical (Drive).
Compass is a diversified manufacturer and supplier of branded and private-label consumer medical products that improve the quality of life, enhance comfort, and promote independence. A recognized industry leader, Compass serves consumers across a broad mix of traditional and emerging channels including home medical, clinical settings, retailers, and e-commerce.
The Capstone team effectively negotiated a sale to Drive to achieve an optimal outcome for the various stakeholders and employees of Compass.
We are always pleased to achieve outcomes like this. Compass and Drive are an ideal strategic fit, and their combination creates a robust platform, well positioned to drive continued growth in the consumer medical products market.
About Compass Health Brands
Compass Health Brands Corp. is an innovative, diversified supplier of branded and private label consumer medical products including homecare, rehabilitation, light therapy, and pain management products that enhance consumers’ quality of life, comfort, and independence. The company markets its products both to professional and consumer sectors. Consumer brands include Carex®, TENS 7000™, Picklebalm®, AccuRelief™, Apex®, Daylights™, Bed Buddy®, PAINCAKES®, and TheraMed®. Professional brands include Richmar®, ProBasics™, Roscoe Medical®, Meridian Medical®, and InTENSity®. For more information, visit www.compasshealthbrands.com.
About Drive Medical
Headquartered in Port Washington, New York, Drive Medical manufactures and supplies a complete line of medical products, including mobility products, respiratory products, beds, pressure prevention products, self‐assist products, rehabilitation products, patient room equipment, personal care products and electrotherapy devices. Currently, the Company has offices, manufacturing facilities and distribution facilities located throughout the United States, Canada, the United Kingdom, France, Germany, China, Romania, and Australia. The Company markets its products to customers located throughout the United States, Europe, United Kingdom, Canada, Mexico, Central and South America, Australia, the Middle East and Asia. For more information, visit www.drivemedical.com.
About Capstone Partners Special Situations Investment Banking Group
Capstone’s Special Situations Investment Banking Group (SSIB) offers a full range of services to companies and stakeholders facing capital structure challenges including, but not limited to, distressed M&A, distressed capital raises, balance sheet restructurings, corporate divestitures and carve-outs, and evaluation of strategic alternatives.
