OVM takes over NHS-supplier Therapy Equipment Ltd

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.”


Share this article



Latest Businesses for Sale

Dental Surgery
Derbyshire, UK Wide

Peak District/Stockport Postcode Area. Very well-established Private Family Dental Practice. Excellent high street location and with good transport links. Offers invited.

Asking Price: £870,000
Turnover: £636,000

LEASEHOLD


Dental Practice
Yorkshire and the Humber, UK

Two surgery NHS practice in a busy Town location. Large scope for further growth. Unexplored private potential. Offers invited.

Asking Price: £605,000
Turnover: £381,000

FREEHOLD


Private Dental Practice
Glasgow, Scotland, UK

Exciting opportunity for an incoming buyer to purchase 50% share of this well-established expense share partnership. A modern family orientated business is set in a prime location. This is a mainly private practice and income is derived through NHS,...

Asking Price: £501,155
Turnover: £441,945

FREEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Jun
 

28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...

 
02
 
Jun
 

Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...

 
01
 
Jun
 

Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources