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Medical Depot

Drive DeVilbiss struggles with $600M in debt


PORT WASHINGTON, N.Y. – Medical Depot, which operates as Drive DeVilbiss Healthcare, has begun restructuring talks with its senior lenders, the Wall Street Journal has reported.

In brief: Investor buys Permobil, Drive responds to lawsuit


STOCKHOLM, Sweden – Permobil, a manufacturer of high-end power wheelchairs, has been acquired by Investor AB, a Swedish investment firm. Private equity firm Nordic Capital agreed to sell Permobil for $842.3 million.

Drive Medical suspends sale of certain CPAP masks


PORT WASHINGTON, N.Y. – In light of a lawsuit filed by ResMed, Drive Medical has suspended the sale and marketing of several of its CPAP masks, the company has announced.