Medical firm's division sale to lead to "higher quality of earnings"

Tue, 27 Jun 2017 | DIVISION SALE

A medical firm based in County Durham is hoping that a division sale will lead to "a higher quality of earnings".

Quantum Pharma sold its Biodose Services division to HealthNet Homecare in a restructuring move that will eliminate a £1.75m debt.

Biodose was once considered a service that could save the NHS millions of pounds by reducing prescription waste, but bosses admitted that the company would require significant investment to reach the homecare sector and with some saying it was no longer a fundamental area.

By offloading their medical adherence division, Quantum will be able to put a greater focus on their core niche and special operations.

Chris Rigg, chief executive, who said Biodose Services was expected to make only a “modest” profit this year, said: “The sale positions Quantum as a simplified and focussed pharma business with a higher quality of earnings. “It is particularly pleasing that we have been able to demonstrate a quick path to profitability for Biodose Services and exit it to a buyer who can bring greater emphasis to that business.

“The effect (of the sale) on the group’s balance sheet is positive through a reduction in net debt and it also improves gross and adjusted margin by eliminating low margin turnover.”

Buy a business for sale here
Subscribe to the Business Sale Report here


Share this article



Latest Businesses for Sale

Commercial & Residential Scaffolding (Fast Sale)
South East, UK

A sale will be executed at the earliest opportunity with offers received by Friday 10th July 2020. Long‐established (c.15 years), regionally‐based, commercial and residential scaffolding business for sale. Highly profitable business with regular repe...

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Eco-Friendly, Recyclable & Biodegradable Products Online Retailer
UK Wide

Has in excess of 2,100 subscribers, all of whom provide reliable, repeat business on an ongoing basis, in addition to a high volume of customers making one-off purchases. Operates from leasehold premises; however, the company could be relocated to a...

Asking Price: Offers Invited
Turnover: £1,067,787

RELOCATABLE


Pest Control Solutions
South East, UK

Offers professional and humane pest control solutions, helping clients throughout the South East maintain pest-free environments. Sources ethical, effective and competitively priced solutions, which meet its clients’ requirements. Offers invited.

Asking Price: Offers Invited
Turnover: £576,745

FREEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Jul
 

Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...

 
02
 
Jul
 

Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

 
01
 
Jul
 

TM Lewin to close all UK stores in pre-pack administration | ADMINISTRATION

Shirtmaker TM Lewin will close all 66 of its UK stores as pa...

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