Performance Health to be Acquired by Patterson Medical
Ropes & Gray represented Performance Health, a leading manufacturer and supplier of consumer branded health, wellness and self-care products, in its proposed acquisition by Patterson Medical, a leading distributor of rehabilitation, sports medicine and assistive patient products.
Patterson Medical, which is backed by private equity investment firm Madison Dearborn Partners, LLC, will acquire Performance Health from Connecticut-based private equity firm Gridiron Capital, LLC. The highly complementary combination is expected to create a market-leading, multichannel branded supplier to global rehabilitation, recovery and sports medicine customers.
The transaction, announced May 31, is expected to be completed in the summer of 2016 subject to customary closing conditions. Financial terms were not disclosed.
The Ropes & Gray team included mergers & acquisitions partner Christopher Comeau, tax partner Aaron Harsh, executive compensation & employee benefits partner Renata Ferrari, intellectual property transactions partner David McIntosh, securities & public companies senior attorney Matthew Byron and corporate associate Emily Burke.