Headquartered in Mequon, Wisc., Dr. Comfort is a developer, manufacturer and marketer of therapeutic footwear and related medical and comfort products for the diabetes care market. DJO said DRC generated net sales of $71.8 million for fiscal year 2010, reflecting growth of 22.5 percent over net sales of $58.6 million for FY 2009.
The transaction is expected to close within 30-45 days, subject to customary governmental approvals and closing conditions.
Read the company news release about Dr. Comfort.
Read other coverage about medical device company acquisitions:
– Smith & Nephew Shares Jump After Rejecting Johnson & Johnson Acquisition
– Zimmer Finalizes Acquisition of Beijing Montagne Medical Device Co.
