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Contact Us Convatec Argentina Argentina Belize Belize Brasil Brasil Canada (English) Canada (English) Canada (Français) Canada (Français) Chile Chile Colombia Colombia Costa Rica Costa Rica Curaçao Curaçao El Salvador El Salvador Ecuador Ecuador Guatemala Guatemala Guyana Guyana Honduras Honduras Jamaica Jamaica México México Nicaragua Nicaragua Panamá Panamá Perú Perú Puerto Rico Puerto Rico República Dominicana República Dominicana Suriname Suriname Venezuela Venezuela United States (English) United States (English) België België Bosna i Hercegovina Bosna i Hercegovina Česko Česko Danmark Danmark Deutschland Deutschland Eesti Eesti España España France France Hrvatska Hrvatska Ireland Ireland Ísland Ísland Italia Italia Latvija Latvija Lietuva Lietuva Magyarország Magyarország Malta Malta Nederland Nederland Norge Norge Polska Polska Portugal Portugal România România Schweiz (Deutsch) Schweiz (Deutsch) Suisse (Français) Suisse (Français) Slovenija Slovenija Slovensko Slovensko Srbija Srbija Suomi Suomi Sverige Sverige Türkiye Türkiye United Kingdom United Kingdom Österreich Österreich Ελλάδα Ελλάδα България България Македонија Македонија Россия Россия Україна Україна South-Africa South-Africa ישראל ישראל الأردن الأردن الإمارات العربية المتحدة الإمارات العربية المتحدة البحرين البحرين المملكة العربية السعودية المملكة العربية السعودية ایران ایران پاکستان پاکستان عُمان عُمان قطر قطر لبنان لبنان مصر مصر العراق العراق الكويت الكويت Australia Australia Hong Kong SAR Hong Kong SAR 中国香港 中国香港 India India Indonesia Indonesia Malaysia Malaysia New Zealand New Zealand Philippines Philippines Singapore Singapore Việt Nam Việt Nam ไทย ไทย 대한민국 대한민국 中国 中国 中国台湾 中国台湾 日本 日本

Reading, United Kingdom (20 July 2017) - Convatec Group Plc ("Convatec"), a leading global medical products and technologies company, has agreed to acquire Woodbury Holdings ("Woodbury" or “The Company”), a US-based independent national distributor of incontinence and catheter-related supplies, from MTS Health Investors LLC for an enterprise value of $120.5 million.

Woodbury provides an extensive array of incontinence and catheter products, as well as nutritional, enteral feeding and vascular compression supplies. The Company has national distribution across the U.S., delivering directly to customers in the home environment.

With this acquisition Convatec Americas will create a new home distribution business unit for catheter and incontinence related products, encapsulating the U.S. distribution companies of 180 Medical, Symbius Medical, South Shore Medical Supply, Wilmington Medical Supply and Woodbury Health Products.

"The addition of Woodbury contributes to our growth strategy for the Continence & Critical Care Franchise and builds on the success of our 180 Medical business, which we acquired in 2012. 180 Medical is the largest retailer of intermittent catheters in the U.S. It has a differentiated, proven business model with strong customer focus and satisfaction,” said Paul Moraviec, Chief Executive Officer of Convatec. “The addition of Woodbury will provide further breadth and reach to our new Home Distribution Group and further consolidate our leading position in this market, expand customer relationships and provide greater choice direct to US consumers.”

"Convatec and Woodbury share a common commitment to improving the lives of people with continence issues and a dedication to providing quality products, together with distinctive service and personal support. We look forward to working with our Woodbury colleagues to bring our comprehensive end-to-end suite of services to even more customers."

Woodbury’s senior management team will remain with the Company.

Upon completion of the transaction, earnings from Woodbury Holdings will be immediately accretive to the financial accounts of Convatec Group Plc.

Enquiries:

Analysts and Investors

 

John Crosse, VP Investor Relations

+44 (0)7500 141435

Kirsty Law, Director Investor Relations

investorrelations@convatec.com

+44 (0)7470 909582

Media

 

Bobby Leach, VP Group Corporate Affairs

+44 (0)7770 842226

Finsbury - Rebecca Fitchett

+44 (0)207 2513801

 

About Convatec

Convatec is a global medical products and technologies company focused on therapies for the management of chronic conditions, with leading market positions in advanced wound care, ostomy care, continence and critical care, and infusion devices. Convatec’s products provide a range of clinical and economic benefits including infection prevention, protection of at-risk skin, improved patient outcomes and reduced total cost of care. To learn more about Convatec, please visit www.convatecgroup.com where a copy of this announcement can also be found.

 

About Woodbury Holdings

Woodbury, founded in 1977 and headquartered in Floral Park, NY, focuses on solving the individual needs of customers with incontinence or other urological conditions. Through its subsidiaries Woodbury Health Products and Wilmington Medical Supply, Inc., the company offers a broad product portfolio of over 500 incontinence and over 650 catheter products, and a wide array of nutritional, enteral feeding and vascular compression products. Woodbury operates with 149 employees, a centralised distribution centre in Wilmington NC and a primary call centre in Bunnell, FL. Woodbury’s differentiated engagement and delivery model provides customers with a tailored and seamless solution they can depend on – the right product the right time, the right place. www.woodburyproducts.com / www.wmsuro.com

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