DCC disposes of its M&R division to Patterson Medical for €37m

DCC has sold the ‘Mobility & Rehab’ arm of its healthcare division for €37 million to US firm, Patterson Medical.

The M&R business is a relatively small part of the DCC Healthcare division, comprising less than 10% of that subsidiary’s annual profits.

While DCC – as a group – is not in need of extra cash, the deal (Patterson Medical is ranked as the world’s leading distributor of rehabilitation and sports medicine products) was seen as beneficial given the relative lack of status the M&R side has within the wider business.