WillowWood to Sell Majority Stake to DW Healthcare
June 06, 2019
WillowWood, Mount Sterling, Ohio, has announced plans to sell a majority of the company's stake to DW Healthcare Partners (DWHP), a private equity investment firm based in Toronto, Canada, and Utah.
The partnership will enable the addition of new products to WillowWood's portfolio.
Ryan Arbogast, WillowWood's president and board member, will continue to be a significant stakeholder in the company. The Arbogast family has owned and operated WillowWood since its founding 112 years ago. "WillowWood will always be rooted in its core values: serving the needs of the amputee community through innovative product design and service," he said. "This is a prime time for growth in the O&P industry, and we plan to do it the right way, serving our patient care facility customers even better, rather than competing with them."