Medical products and technologies company ConvaTec Group has struck a major deal to acquire US business Woodbury Holdings from MTS Health Investors for an enterprise value of $120.5m (£92.5m) (Insider Media, 2017).

Woodbury is an independent national distributor of incontinence and catheter-related supplies, and also provides an array of nutritional, enteral feeding and vascular compression supplies. The company has national distribution across the US, delivering directly to customers.

With this acquisition, ConvaTec Americas will create a new home distribution business unit for catheter and incontinence related products, encapsulating the US distribution companies of 180 Medical, Symbius Medical, South Shore Medical Supply, Wilmington Medical Supply and Woodbury Health Products.

Chief executive Paul Moraviec said “The addition of Woodbury contributes to our growth strategy for the Continence & Critical Care Franchise and builds on the success of our 180 Medical business, which we acquired in 2012. 180 Medical is the largest retailer of intermittent catheters in the US. It has a differentiated, proven business model with strong customer focus and satisfaction. The addition of Woodbury will provide further breadth and reach to our new Home Distribution Group and further consolidate our leading position in this market, expand customer relationships and provide greater choice direct to US consumers.”

Woodbury’s senior management team will remain with the company.