Dale Medical Products Becomes 100% Employee-Owned
Dale Medical Products closes an ESOP transaction, moving to full employee ownership.
— Bob Simpson, President and CEO of Dale Medical
PORTSMOUTH, NEW HAMPSHIRE, USA, March 3, 2022 /EINPresswire.com/ — Dale Medical Products (Dale Medical or the Company) is pleased to announce the transition to 100% employee ownership through the sale of shares in a newly created Employee Stock Ownership Plan (ESOP). Atlantic Management Company, Inc. (Atlantic) acted as independent financial advisor to the ESOP Trustee.
Recognized as a provider of specialty patient care products within the medical device industry, Dale Medical Products offers comprehensive solutions to improve quality of life while always having the best patient care in mind. The company has worked for more than 60 years to manufacture products that have helped reduce infection rates, use time more efficiently, increase patient satisfaction and be more cost effective. The company’s product range covers respiratory, enteral, medical-surgical, urological and vascular areas. With Dale Medical’s promise to always be better, the company fosters a team that has what it takes to help lead the industry and make a difference every day.
Bob Simpson, Dale Medical’s new President and CEO, comments, “As an employee-owned company, we will uphold Dale Medical’s legacy of providing highly trusted medical products to help caregivers and patients from all over the world. Our employees have always been extremely proud of the positive impact we have on patient care, and now they can benefit even more as stakeholders in our business.
“These are very exciting times for Dale Medical, and we look forward to seeing the great things Owner Employees will do as they enter this new chapter,” noted Sandra Smith of Atlantic.
Founded in 1968, Atlantic is a leading financial and transactional advisory firm that provides corporate valuation, ESOP, and M&A services for private, middle-market companies.
Atlantic Management Company, Inc.
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