Patterson Medical to use new debt for Performance Health purchase

By Sara Rosenberg

New York, May 31 – Patterson Medical plans on getting new debt financing to help fund its acquisition of Performance Health from Gridiron Capital, according to a news release.

Deutsche Bank Securities Inc., Barclays and Citigroup Global Markets Inc. are the lead banks on the debt.

Closing is expected this summer, subject to customary conditions.

Patterson Medical, a Madison Dearborn Partners portfolio company, is a Warrenville, Ill.-based distributor of rehabilitation, sports medicine and assistive patient products. Performance Health is an Akron, Ohio-based manufacturer and supplier of consumer branded health, wellness and self-care products.

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