Tue, 03 Sep 2019 | BUSINESS SALE
Business growth specialists Owner Venture Managers (OVM) has snapped up Therapy Equipment Limited in a multimillion-pound deal facilitated by sale and acquisition specialists Watersheds.
Therapy Equipment is the NHS’s largest supplier of suction and oxygen instruments for use in hospitals, and is anticipated to grow internationally under new ownership.
Established in 1983 by Chris Munn in Potters Bar, Hertfordshire, the business presently employs 28 people and is renowned for its product and service quality. It is for this reason that it caters to nearly all of Britain’s 152 NHS trusts.
As part of its portfolio of products, Therapy Equipment Ltd manufactures regulators, flowmeters, and its suction controllers which are normally found attached to modern hospital bed units.
Steve Munn, son of Chris Munn, will continue on as the managing director of Therapy Equipment, and commented on the acquisition: “Each day our equipment is helping keep thousands of people alive in the UK’s hospitals, so its quality, durability and reliability have always been our number one priority.
“We were looking to ensure the business was purchased by someone who would share our passion for its importance, and who would also have the strategic vision for the future potential of the business.
“Watersheds, uniquely, base their fees on a successful outcome. I have been led extremely proficiently by the team at Watersheds and have been continuously impressed by their tenacity and drive to achieve what we engaged them to do – get a purchaser with a strong vision about how to get the best future growth for this business. Their professionalism was clear from day one and they demonstrated their commitment every day since to get us the best possible sale.”
Established and cash-generative domiciliary care agency with a very strong local reputation for excellence in service delivery. The company provides qualified care staff to service users with health needs in their homes.
LEASEHOLD
The business designs, manufactures and sells electrotherapy, physiotherapy and other rehabilitation products used by physiotherapists, chiropractors, osteopaths, vet physios, distributors, and sports massage therapists in the UK, the European Union,...
FREEHOLD
Mixed five surgery dental practice set over two floors, offering NHS GDS and NHS GDS Ortho contract totalling 763,982.
LEASEHOLD
17
|
May
|
Focus Group continues acquisitive growth with telecoms deal | BUSINESS SALE
Business communications provider Focus Group has continued i...
17
|
May
|
Foresight-backed lab services group acquires sample storage specialist | BUSINESS SALE
Biofortuna, a laboratory services group backed by SME invest...
17
|
May
|
Brown & Brown acquires two insurance brokers | BUSINESS SALE
Brown & Brown (Europe) has continued its acquisitive activit...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.