Performance Health Explained

Performance Health
Former Name:Hygenic Corporation
Type:Private
Foundation:1925 (Hygenic)
Founder:Chris Cox, Craig Cox, Perry Isenberg
Location:Warrenville, Illinois, U.S.
Locations:15
Area Served:Worldwide
Industry:Manufacturing
Revenue:NA
Owner:Madison Dearborn Partners
Num Employees:1200 (2023)
Homepage:www.performancehealth.com
Footnotes:[1]

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.[2] [3]

History

Hygenic Corporation was founded in 1925 by Walter P. Keith.[4] They originated the Thera-Band, Dyna-Band, Parabath, and Hygenic products.

In 2006, Hygenic bought Performance Health Inc., a company from Export, Pennsylvania that makes the Biofreeze topical analgesic and the Prossage warming massage ointment.[5] [6]

Hygenic has changed hands several times being bought and sold by private equity firms.[7] [8] [9]

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.[10]

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]

Notes and References

  1. Web site: Contact Customer Service - Performance Health. PerformanceHealth.com. 27 December 2018.
  2. Web site: What We Sell | Everything You Need in One Place, Curated by Experts | Performance Health.
  3. News: Hygenic Corp. Acquires Performance Health . January 2006. Message Magazine. 2008-10-23.
  4. News: Company Overview.. August 2008. 2008-10-22. https://web.archive.org/web/20081013224821/http://www.thera-band.com/company.php. 2008-10-13. dead.
  5. Web site: Hygenic acquires Performance Health. 25 May 2006. Crain's Cleveland Business. 27 December 2018.
  6. Web site: Hygenic Announces Acquisition of Performance Health, Inc., Manufacturer of Biofreeze(R) Products. 22 May 2006. www.businesswire.com. 27 December 2018.
  7. News: Key Equity buys Hygenic Corp.. August 28, 2000. Crain's Cleveland Business. 2008-10-23.
  8. News: Hygenic changes investment firm hands. February 23, 2004. Crain's Cleveland Business. 2008-10-23.
  9. News: Baird buyout unit sells Hygenic Corp.. April 23, 2007. The Business Journal of Milwaukee. 2008-10-24.
  10. Web site: Performance Health acquired by Patterson Medical. 31 May 2016. Crain's Cleveland Business. 27 December 2018.
  11. Trail Blazers, Performance Health Announce Multi-Year Partnership Including Biofreeze Jersey Patch. NBA Media Ventures, LLC. TrailBlazers.com. September 19, 2018. April 14, 2019.
  12. News: Freeman. Joe. Portland Trail Blazers sign jersey patch sponsorship deal with Biofreeze. The Oregonian. September 20, 2018. April 14, 2019.
  13. News: Cowley. Jared. Trail Blazers will have Biofreeze sponsor patch on jerseys. KGW. KGW. September 19, 2018. April 14, 2019.
  14. News: Reckitt Announces Completion of Biofreeze Acquisition. Reckitt. Reckitt.com. July 21, 2021. July 1, 2024.