Buyout firm Clayton, Dubilier & Rice LLC is in advanced talks to acquire Drive DeVilbiss, one of the largest U.S. wheelchair manufacturers, for about $750 million, including the assumption of debt, according to people familiar with the matter.

A deal would represent CD&R’s latest bet on the home care market, as longer life expectancy fuels demand for durable medical equipment such as wheelchairs, power scooters and other mobility and bariatric products.

CD&R has prevailed in an auction for privately held Drive DeVilbiss and could strike a deal in the coming days, the sources said on Wednesday. They cautioned that the negotiations could still fall apart at the last minute.

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