Clayton Dubilier & Rice agreed to make a “significant equity investment” in medical products maker Drive DeVilbiss Healthcare. The target’s management is also investing alongside CD&R. Financial terms were not disclosed.
Drive Devilbiss, founded in 2000 and based in Port Washington, New York, produces wheelchairs, shower chairs, patient lifts and other medical mobility products through more than 15,000 dealers and health care providers. Drive acquired DeVilbiss in 2015.