We represented Orthotic Holdings Inc., a portfolio company of Frazier Healthcare, in its acquisition of MDI Corporation, a leading distributor of diabetic socks. The acquisition provides OHI with an important complementary offering to its diabetic shoe program and further expands the company’s presence in the US Department of Veterans Affairs. This transaction is the 8th tuck-in acquisition for OHI. Terms were not publicly disclosed.
MDI, headquartered in Birmingham AL, has been dedicated to the foot protection and care needs of diabetic patients since its inception in 1999.
OHI is the global leader in technologies and treatment options for healthcare providers who treat conditions associated with the lower extremities.
Frazier Healthcare Partners is a leading provider of growth and venture capital to healthcare companies. With nearly $3.0 billion total capital raised, Frazier has invested in over 170 companies, with investment types ranging from company creation and venture capital to buyouts of profitable lower-middle market companies.