Infection prevention specialist Vernacare has acquired Synergy Health, Healthcare Solutions (“HCS”) from STERIS plc for an undisclosed sum.
The two businesses have come together under the Vernacare brand.
Vernacare is the UK’s market-leading provider of single-use infection prevention systems to the healthcare sector, and employs 180 staff across the UK and overseas. Its products are sold to more than 50 countries and used by over 94% of NHS Trusts.
HCS manufactures products for wound care and surgery, as well as hygiene wipes under the market leading brands of Conti and AZO. The company employs around 160 staff at its Chorley production facility and headquarters, and its Preston warehouse.
This acquisition follows financial backing from Palatine Private Equity in October 2015 to accelerate the development of the company’s global footprint, as well as supporting future acquisitions.
Matt Miller, CEO of Vernacare, said: “This acquisition has significantly increased the size of our business. It demonstrates the commitment of our investors, Palatine Private Equity, to the continued growth of Vernacare. In particular, there is huge potential for further overseas growth, where we can expand Vernacare’s strong market presence by introducing new products. It will also give us the opportunity to work more closely and broadly within the NHS and UK independent healthcare markets, enhancing our market position.
“Operations and activities are continuing as normal across the existing Bolton, Chorley and Walton Summit facilities. We are working together productively and collaboratively during this exciting period of opportunity and growth.”
A spokesperson from STERIS commented “Both STERIS and Vernacare believe that Vernacare can better grow HCS product sales through its broad distribution network and complementary product offering.”
Andy Lees, Partner at Palatine Private Equity, said: “This acquisition is a strategic move for Vernacare and provides the business with a number of expansion opportunities. The addition of HCS allows Vernacare to broaden its product range and branch out into new areas of the healthcare industry to support further growth. The company already has a large presence in the global market, and this new offering will only boost its exporting opportunities.”
www.vernacare.com
