SAN DIEGO, CA, June 15, 2009 – DJO Incorporated, a global provider of medical device solutions for musculoskeletal health, vascular health and pain management, today announced the sale of the rehabilitation equipment and supply catalog business of its Empi business unit, Empi Therapy Solutions (ETS) (formerly known as Rehab Medical Equipment, or RME), to Patterson Medical, a division of Patterson Companies, Inc. ETS generated annual sales of approximately $32 million in 2008. The financial terms of the transaction, which was completed on June 12, 2009, were not disclosed.
A substantial portion of the ETS business consists of the resale of non-DJO branded rehabilitation equipment and supplies.
“Empi’s market-leading franchises in electrotherapy, home traction, and iontophoresis (transdermal drug delivery), remain core components of DJO’s business going forward and we will continue to serve our customers with these important Empi products,” said Les Cross, president and chief executive officer of DJO. “Through our comprehensive product portfolio, including the Aircast®, DonJoy®, ProCare®, CMF™, Empi®, Saunders®, Chattanooga, DJO Surgical, Cefar®-Compex® and Ormed® brands, DJO provides one of the broadest lines of rehabilitation solutions in the world. With the sale of the non-core ETS business, Empi can now devote its full resources on its higher-margin, industry-leading brands and products. This transaction accomplishes DJO’s objectives of focusing on its branded, manufactured products, and also provides an opportunity for ETS customers to access an expanded range of products through Patterson Medical, a leading distributor of rehabilitation products.”
About DJO Incorporated
DJO is a leading global developer, manufacturer and distributor of high-quality medical devices that provide solutions for musculoskeletal health, vascular health and pain management. The Company's products address the continuum of patient care from injury prevention to rehabilitation after surgery, injury or from degenerative disease. Our products are used by orthopedic specialists, spine surgeons, primary care physicians, pain management specialists, physical therapists, podiatrists, chiropractors, athletic trainers and other healthcare professionals. In addition, many of the Company's medical devices and related accessories are used by athletes and patients for injury prevention and at-home physical therapy treatment. The Company's product lines include rigid and soft orthopedic bracing, hot and cold therapy, bone growth stimulators, vascular systems, electrical stimulators used for pain management and physical therapy products. The Company’s surgical division offers a comprehensive suite of reconstructive joint products for the hip, knee and shoulder. DJO's products are marketed under the brands Aircast®, DonJoy®, ProCare®, CMF™, Empi®, Saunders®, Chattanooga, DJO Surgical, Cefar®-Compex® and Ormed®. DJO uses its website as a channel of distribution of material Company information. Financial and other material information regarding the Company is routinely posted and accessible at www.DJOglobal.com.
About Patterson Companies, Inc.
Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets.
Dental Market
As Patterson’s largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America.
Veterinary Market
Webster Veterinary is the nation’s second largest distributor of consumable veterinary supplies, equipment and software, diagnostic products, vaccines and pharmaceuticals to companion-pet veterinary clinics.
Rehabilitation Market
Patterson Medical is the world’s leading distributor of rehabilitation supplies and non-wheelchair assistive patient products to the physical and occupational therapy markets. The unit’s global customer base includes hospitals, long-term care facilities, clinics and dealers.
Company Investor/Media Contact:
DJO Incorporated
Mark Francois, Director of Investor Relations
(760) 734-4766
