Health­care firm eyes up fur­ther growth

Yorkshire Post - Business - - FRONT PAGE - Ros Snow­don CITY EDITOR @RosSnow­donYPN

Health­care 21 Group is tar­get­ing sig­nif­i­cant Euro­pean ex­pan­sion af­ter com­plet­ing the pur­chase of Aquilant from H2 Eq­uity Part­ners in a deal to cre­ate a £133m an­nual turnover busi­ness.

Health­care 21, which has its UK head of­fice in Leeds, sealed the deal af­ter re­ceiv­ing ap­proval from Ire­land’s Com­pe­ti­tion and Con­sumer Pro­tec­tion Com­mis­sion.

The ex­panded busi­ness will em­ploy 450 staff and be­come the largest pri­vate­ly­owned health­care sales and mar­ket­ing spe­cial­ist in the UK and Ire­land.

Health­care 21, which has dou­bled in size in the past two years, is a spe­cial­ist sup­plier of health­care prod­ucts and so­lu­tions.

Its cus­tomers in­clude the HSE, the NHS, pri­vate hospi­tals, pri­mary and com­mu­nity health­care pro­fes­sion­als and vet­eri­nary and phar­macy sup­pli­ers, and many of the largest med­i­cal OEMs and health­care prod­uct busi­nesses in the world. The firm said it also has a strong tech el­e­ment to its busi­ness, hav­ing ac­quired two ma­jor on­line plat­forms sell­ing and ad­vis­ing on a wide range of med­i­cal de­vices and health­care prod­ucts in the past 12 months.

As part of the new ac­qui­si­tion, H2 Eq­uity Part­ners will be­come a sub­stan­tial mi­nor­ity share­holder in the newly en­larged Health­care 21 Group, which will fo­cus on in­vest­ing in Europe to drive fu­ture growth.

The firms said the com­bi­na­tion of Health­care 21 and Aquilant will cre­ate a new market lead­ing group of spe­cial­ist med­i­cal sales teams with an in-depth un­der­stand­ing of the health­care market.

The im­me­di­ate tar­get for the new busi­ness will be to build on a sub­stan­tial client base in the UK, Ire­land, Ger­many and Aus­tria.

Health­care 21’s chair­man Owen Curtin, inset, said: “There is a huge con­sol­i­da­tion op­por­tu­nity in Euro­pean health­care.”

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