Warrenville, Ill-based Patterson Medical, formerly the medical business of Patterson Companies Inc, is now an independent company with the recent completion of the acquisition of Patterson Medical by Chicago-based Madison Dearborn Partners (MDP).
Patterson Medical will retain its name for a transition period before rebranding as an independent distributor of rehabilitation and sports medicine products, according to a media release from the company. Michael J. Orscheln will continue to lead Patterson Medical as its chief executive officer, and the current Patterson Medical leadership team will continue in their roles, per the release.
Founded in 1995 as Sammons Preston and later renamed AbilityOne, the company joined Patterson Companies in 2003. Since its inception, Patterson Medical has made efforts to become a global specialty distributor of rehabilitation supplies and equipment to acute care facilities, outpatient clinics, long-term care facilities, and select dealers. Its range of products, brand names, and services available include more than 30,000 rehabilitation supplies, equipment, and assistive living products. Additionally, Patterson Medical’s Medco sports medicine division provides more than 12,000 products to athletic trainers in professional sports, high school and college teams, and recreational sports organizations, the release explains.
Patterson Medical reports that it has offices in Canada, the United Kingdom, France, Australia, and New Zealand, and serves rehabilitation distributors in more than 100 countries.
MDP is described in the release from Patterson Medical as a company that has a long history of investing in healthcare across a range of subsectors, including healthcare distributors, specialty pharmaceuticals and medical products, hospitals, home and community-based care, skilled nursing facilities, and life sciences.
“Mike Orscheln and his team have re-invigorated growth in recent quarters, and we are supportive of the game plan they have developed to continue this momentum and achieve sustained success over the long term,” says Tim Sullivan, a managing director at MDP, in the release.
For more information, visit Patterson Medical.
[Source: Patterson Medical]