Performance Health is a medical and physical therapy supply manufacturing company head-quartered in Illinois, United States. The company is a merge of two companies: Performance Health Inc, which originated in Export, Pennsylvania and Hygenic Corporation which originated in Akron, Ohio. They manufacture and deliver products for the healthcare industry, such as mobility and physical therapy equipment, diagnostic tools, and pain relief products.[3][4]
| Formerly | Hygenic Corporation |
|---|---|
| Company type | Private |
| Industry | Manufacturing |
| Founded | 1925 (Hygenic) |
| Founder | Chris Cox, Craig Cox , Perry Isenberg |
| Headquarters | Warrenville, Illinois, U.S. |
Number of locations | 15 |
Area served | Worldwide |
| Products |
|
| Revenue | NA |
| Owner | Madison Dearborn Partners |
Number of employees | 1200 (2023) |
| Website | www.performancehealth.com |
| Footnotes / references [1][2] | |
History
editHygenic Corporation was founded in 1925 by Walter P. Keith.[5] They originated the Thera-Band, Dyna-Band, Parabath, and Hygenic products.[6]
In 2006, Hygenic bought Performance Health Inc., a company from Export, Pennsylvania that makes the Biofreeze topical analgesic and the Prossage warming massage ointment.[7][6]
Hygenic has changed hands several times being bought and sold by private equity firms.[8][9][10]
In 2016, Hygenic / Performance Health was acquired by Patterson Medical. Its headquarters was moved to Warrenville, Illinois, but its facilities at Akron, Ohio and Cuyahoga Falls, Ohio were retained.[2]
In 2018, the National Basketball Association (NBA)'s Portland Trail Blazers selected Biofreeze as their jersey patch sponsor.[11][12][13]
In 2021, the Biofreeze and TheraPearl brands were sold to the English consumer goods company Reckitt.[14]
References
edit- ^ "Contact Customer Service - Performance Health". PerformanceHealth.com. Retrieved 27 December 2018.
- ^ a b "Performance Health acquired by Patterson Medical". Crain's Cleveland Business. 31 May 2016. Retrieved 27 December 2018.
- ^ "What We Sell | Everything You Need in One Place, Curated by Experts | Performance Health".
- ^ "Hygenic Corp. Acquires Performance Health". Message Magazine. January 2006. Retrieved 2008-10-23.
- ^ "Company Overview". August 2008. Archived from the original on 2008-10-13. Retrieved 2008-10-22.
- ^ a b "Hygenic Announces Acquisition of Performance Health, Inc., Manufacturer of Biofreeze(R) Products". www.businesswire.com. 22 May 2006. Retrieved 27 December 2018.
- ^ "Hygenic acquires Performance Health". Crain's Cleveland Business. 25 May 2006. Retrieved 27 December 2018.
- ^ "Key Equity buys Hygenic Corp". Crain's Cleveland Business. August 28, 2000. Retrieved 2008-10-23.
- ^ "Hygenic changes investment firm hands". Crain's Cleveland Business. February 23, 2004. Retrieved 2008-10-23.
- ^ "Baird buyout unit sells Hygenic Corp". The Business Journal of Milwaukee. April 23, 2007. Retrieved 2008-10-24.
- ^ "Trail Blazers, Performance Health Announce Multi-Year Partnership Including Biofreeze Jersey Patch". TrailBlazers.com (Press release). NBA Media Ventures, LLC. September 19, 2018. Retrieved April 14, 2019.
- ^ Freeman, Joe (September 20, 2018). "Portland Trail Blazers sign jersey patch sponsorship deal with Biofreeze". The Oregonian. Retrieved April 14, 2019.
- ^ Cowley, Jared (September 19, 2018). "Trail Blazers will have Biofreeze sponsor patch on jerseys". KGW. KGW. Retrieved April 14, 2019.
- ^ "Reckitt Announces Completion of Biofreeze Acquisition". Reckitt.com. Reckitt. July 21, 2021. Retrieved July 1, 2024.