Fitch gives B IDR to Drive DeVilbiss

Fitch Ratings said it assigned a B issuer default rating to Medical Depot Holdings, Inc. (doing business as Drive DeVilbiss Healthcare).

The outlook is stable.

Fitch said that while Drive DeVilbiss has a leading market position in many of its product lines, the Durable Medical Equipment (DME) market is highly competitive, including a large number of competitors of similar or greater size that compete directly with Drive DeVilbiss with similar products.

Despite these competitive pressures, the company has consistently generated double-digit organic growth supplemented with targeted acquisitions since 2009.

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