Patterson Medical has acquired a group of businesses from DCC for £31 million.
Patterson Medical has acquired a group of mobility and rehabilitation businesses from support services firm DCC for £31 million.
The companies bought by Patterson were Physio Med Services, Ausmedic Australia and Metron Holdings, and the business and assets of Days Healthcare UK.
Wales-based Days supplies mobility products for the elderly, Derbyshire-based Physio Med Services markets and distributes physiotherapy supplies, and the Australian company Ausmedic supplies physiotherapy products.
US company Patterson, whose UK brands include Homecraft and Mobilis, is a distributor of rehabilitation, physiotherapy and paediatric products, and is a subsidiary of Patterson Companies.
Andy Moore, the partner who led the team for Clearwater, comments: ‘This transaction is a good example of the increasing volume of M&A activity with US based companies in the healthcare sector…it provides Patterson with an excellent foothold in the European and Australasian markets.’
Dublin-based business DCC was advised on the sale by Clearwater Corporate Finance. DCC employs around 8,000 people and made operating profits of €193 million (£161 million) on improved turnover of €6.7 billion in the year to March.