Woodbury Health Names New C.E.O.

Woodbury Health Products Inc., a direct-to-consumer distributor of incontinence and catheter-related supplies, has named Seth Segel as president and chief executive. Current Woodbury CEO, Brian Darling, will stay with the company as executive vice president, the company said. MTS Health Investors, a New York-based private equity firm, acquired Woodbury Health earlier this month.

PRESS RELEASE

Woodbury Health Products, Inc., a direct-to-consumer distributor of incontinence and catheter-related supplies for use in the home setting, announced today that it has appointed Seth Segel as President and CEO.

 

Current Woodbury CEO, Brian Darling, will remain actively involved with Woodbury on a full time basis as Executive Vice President, focusing on vendor relationships and business development. Mr. Darling will also continue as a member of the Woodbury Board of Directors.

 

MTS Health Investors, LLC, (“MTS”), the New York-based healthcare private equity firm, acquired Woodbury Health Products, Inc., on March 6, 2012.  The Woodbury acquisition is the last investment made from MTS Health Investors Fund II, L.P., which closed in 2007 and is now fully invested.

 

MTS Partner, Oliver Moses, said, “We are excited to welcome Seth as CEO.  He brings outstanding credentials, enthusiasm and leadership qualities to the Company.  We’re confident his expertise will guide Woodbury to its next level of success.”

 

Prior to joining Woodbury, Mr. Segel was Executive Vice President and a member of the Office of the Chairman at Cantel Medical Corp., a New York Stock Exchange specialty healthcare company dedicated to Infection Prevention and Control.  His responsibilities included corporate strategy, mergers & acquisitions, alternate channel development and external affairs.  Previously, he held positions as an investment banker, a management consultant, and as head of operations for a global media research firm.  Mr. Segel received an MBA from the Harvard Graduate School of Business Administration and a Bachelor of Arts Degree in Mathematics with honors from the University of Pennsylvania.

 

“Woodbury represents a tremendous opportunity to continue the expansion of a leading direct-to-patient company,” said Segel.  “With over thirty years of expertise, the talent in the organization is truly impressive.  It is built upon a genuine dedication to provide the highest levels of product guidance and service to each and every patient.  With the new backing and support of MTS Health Investors, I am confident we’ll achieve great success.  Their focus and understanding of the subtleties in the healthcare arena is truly exceptional.”

 

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About Woodbury

Woodbury Health Products is a distributor of incontinence and catheter-related supplies, offering a broad product portfolio of over 500 incontinence SKUs and over 650 catheter SKUs that are delivered directly to consumers at their homes.  Based in Oceanside, NY, the company offers nationwide distribution from its four distribution centers in New York, North Carolina, Florida.

 

About MTS

MTS Health Investors, LLC, located in New York, is a healthcare private equity firm that makes investments in operating companies within the healthcare industry.  MTS targets companies that provide cost-effective solutions in the services and low-technology manufacturing sectors of the healthcare industry, including: providers of outsourced services to the healthcare industry; providers of healthcare services, including institutional, ambulatory or home care services; providers of managed care and other healthcare insurance services; distributors of medical products; and manufacturers of low-technology medical devices and supplies.