Sale to ConvaTec Group Plc

Healthcare
Sale to ConvaTec Group Plc

Summary

Baird served as the exclusive financial advisor to Woodbury Holdings, Inc. on this transaction

About

Woodbury Holdings, Inc. (“Woodbury” or the “Company”), a portfolio company of MTS Health Investors, LLC (“MTS”), was recently acquired by ConvaTec Group Plc (“ConvaTec”) (LSE:CTEC) for a purchase price of $120.5 million.

Woodbury is a leading national distributor of incontinence and catheter-related supplies that are delivered directly to the home. 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 is headquartered in Floral Park, New York, with 149 employees and operates a centralized distribution center in Wilmington, North Carolina and a primary call center in Bunnell, Florida.

MTS Health Investors, LLC makes equity investments in companies that operate within the services sectors of the healthcare industry. MTS focuses on companies with profitable business models and a demonstrated ability to deliver cost-effective solutions. MTS is based in New York, New York and invests in companies throughout the United States.

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. ConvaTec is headquartered in Reading, the United Kingdom.
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Healthcare
Sale to ConvaTec Group Plc
Date
September 2017
Company
Woodbury Holdings, Inc.
Transaction
M&A
Sectors
Healthcare
Target Location
North America
Acquiror Location
Europe

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