Sunday, December 3, 2023
OANDP-L
  • Login
No Result
View All Result
The O&P EDGE
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
    • EDGE Flipbooks
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
    • EA Homepage
    • EA Data
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
  • PECOS
  • Magazine
    • Subscription
    • Current Issue
    • Issue Archive
    • News Archive
    • Product & Service Directory
    • Advertising Information
    • EDGE Flipbooks
  • O&P Jobs
    • Find a Job
    • Post a Job
  • EDGE Advantage
    • EA Homepage
    • EA Data
  • O&P Facilities
  • Resources
    • Product & Service Directory
    • Calendar
    • Contact
    • About Us
    • O&P Library
    • The Guide
    • Custom Publications
    • Advertising Information
    • EDGE Direct
    • Amplitude Media Group
No Result
View All Result
The O&P EDGE Magazine
No Result
View All Result
Home News

DJO to Acquire Dr. Comfort

by The O&P EDGE
March 15, 2011
in News
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

DJO Global (DJO), San Diego, California, has announced that one of its indirect subsidiaries has signed a definitive agreement to purchase Rikco International D/B/A Dr. Comfort (Dr. Comfort or DRC), Mequon, Wisconsin, for approximately $254.6 million in cash. The transaction is expected to close within 30-45 days, subject to customary governmental approvals and closing conditions.

For the year ended December 31, 2010, DRC generated net sales of $71.8 million, reflecting growth of 22.5 percent over net sales of $58.6 million for the year ended December 31, 2009, according to a DJO press release.

In connection with entering into the definitive purchase agreement, DJO said its subsidiary, DJO Finance (DJOFL), entered into a debt commitment letter with Credit Suisse AG and Credit Suisse Securities (USA), pursuant to which, subject to the conditions set forth therein, they committed to provide DJOFL with up to $260 million of senior unsecured financing for the purpose of financing the acquisition and paying fees and expenses incurred in connection with the acquisition and the financing thereof. On a pro forma basis, considering the acquisition and related financing, DJO said it does not expect any material change in its ratio of total debt to pro forma consolidated adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).

“Dr. Comfort has expanded the diabetic footwear market by providing the medical community with a broad assortment of high-quality and attractive prescription-based footwear styles in a market that has traditionally been served by unattractive and clinical-looking footwear products,” DJO president and CEO, Les Cross, said. “With innovative thinking and sales channel expertise, Dr. Comfort has driven provider and patient awareness of medically necessary diabetic footwear as an important modality that can prevent more serious diabetic complications such as foot ulcers. As a result, DRC has achieved very strong growth and the market leading position in diabetic footwear in the eight years it has been in business.

“On behalf of DJO, we look forward to Eric Lorenz, president of Dr. Comfort, his management team, and the Dr. Comfort employee teams joining DJO Global. We look forward to our future growth opportunities together,” Cross added.

Related posts:

  1. DJO Record 3Q Net Revenues ‘Exceed Expectations’
  2. Hanger Announces 2006 4Q Revenue, Sales Growth
  3. dj Orthopedics Enjoys Record Year in 2005
  4. Diabetic Shoes: The People’s Choice?
Previous Post

Össur Voted Most Popular Company in Iceland

Next Post

UC Davis Launches Study to Reduce Amputations from Vascular Disease, Diabetes

Next Post

UC Davis Launches Study to Reduce Amputations from Vascular Disease, Diabetes

  • VIEW CURRENT ISSUE
  • SUBSCRIBE FOR FREE

RECENT NEWS

News

Factors Identified to Maximize Telehealth Walking Self-management Intervention

by The O&P EDGE
November 21, 2023

Researchers conducted a study in an effort to understand therapist-identified factors influencing clinical adoption of a telehealth walking self-management intervention...

Read more

Wearable Hand Orthosis Aids Child in Daily Life

Minimal Exercise Can Benefit Lower-limb Amputees

Prosthetist Named Chief Clinical Officer

Get unlimited access!

Join EDGE ADVANTAGE and unlock The O&P EDGE's vast library of archived content.
SUBSCRIBE TODAY

O&P JOBS

Eastern

Certified Pedorthist

Central

Clinical Manager

Central

Certified Prosthetist/Orthotist (CP/CPO)

 

© 2023 The O&P EDGE

  • About
  • Advertise
  • Contact
  • EDGE Advantage
  • OANDP-L
  • Subscribe

CONTACT US

866-613-0257

[email protected]

201 E. 4th St
Loveland, CO 80537

The most important industry news and events delivered directly to your inbox every week.

  • About
  • Advertise
  • Contact
  • EDGE Advantage
  • OANDP-L
  • Subscribe

© 2023 The O&P EDGE

No Result
View All Result
  • PECOS
  • MAGAZINE
    • SUBSCRIBE
    • CURRENT ISSUE
    • ISSUE ARCHIVE
    • NEWS ARCHIVE
    • PRODUCTS & SERVICES DIRECTORY
    • ADVERTISING INFORMATION
  • O&P JOBS
    • FIND A JOB
    • POST A JOB
  • EDGE ADVANTAGE
    • EA Homepage
    • EA Data
  • FACILITIES
  • RESOURCES
    • PRODUCTS & SERVICES DIRECTORY
    • CALENDAR
    • CONTACT
    • ABOUT US
    • O&P LIBRARY
    • THE GUIDE
    • CUSTOM PUBLICATIONS
    • ADVERTISING
    • EDGE DIRECT
    • AMPLITUDE
  • OANDP-L
  • LOGIN

© 2023 The O&P EDGE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
The O&P EDGE Magazine
 
Required 'Candidate' login to applying this job. Click here to logout And try again
 

Login to your account

  • Forgot Password? | Sign Up

Reset Password

  • Already have an account? Login

Enter the username or e-mail you used in your profile. A password reset link will be sent to you by email.

Signup to your Account

  • By clicking checkbox, you agree to our Terms and Conditions and Privacy Policy

    Already have an account? Login

Close
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Account Activation

Before you can login, you must activate your account with the code sent to your email address. If you did not receive this email, please check your junk/spam folder. Click here to resend the activation email. If you entered an incorrect email address, you will need to re-register with the correct email address.