Drive Medical is pleased to announce the acquisition of the business of Medquip, Inc., a leading manufacturer of innovative healthcare products located in South Carolina. Medquip manufactures high-quality nebulizers, respiratory disposable products, pulse oximeters, TENS units, breast pumps and digital blood pressure equipment. The Company is best known for pioneering and developing its world-renowned AIRIAL^™ line of pediatric nebulizers.

Harvey Diamond, Chairman and CEO of Drive Medical states, "This acquisition expands the Company's consumer medical product portfolio and positions Drive as one of the leading manufacturers in the nebulizer and respiratory disposable product categories. Through this acquisition, Drive will also be adding breast pumps and digital blood pressure products which will provide additional retail opportunities to our customers.