Briefly: Arriva Buys Direct Diabetic
Deal involves $2.5 million cash purchase.
- By David Kopf
- Jan 19, 2012
National diabetic supplies provider Arriva Medical has acquired Direct Diabetic Source Inc. in a transaction valued at approximately $5 million. The transaction included a cash payment of $2.5 million at closing, and contingent payments, which are expected to total $2.5 million. Based in Sunrise, Fla., Direct Diabetic Source had a customer base of approximately 25,000 active customers.
David Kopf is the Editor of HME Business.