With the backing of Madison Dearborn Partners, Patterson Medical, a distributor of rehab and sports medicine products, is acquiring Performance Health from Gridiron Capital. The target produces health and self-care supplies.
The deal is expected to close in the summer of 2016 and financial terms were not disclosed. With the transaction, Performance Health will keep its name and Akron, Ohio, headquarters and operate as business segment of Patterson Medical, based in Warrenville, Illinois. The combined company will offer a broad set of rehabilitation, recovery and sports medicine products globally.