Friday 19 April 2019

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Business & Professional

Cork medical company to make major acquisition

Wednesday, 22nd August, 2018 4:30pm

Subject to approval, a Cork-based medical equipment distributor is to make a major puchase.

Healthcare 21 has announced it is to acquire Aquilant Limited from H2 Equity Partners, subject to Competition Authority approval.

Healthcare 21 currently employs 220 people, but the newly combined business would employ more than 450 staff in Ireland, UK, Germany and Austria and have a turnover in excess of €150m.

As part of the deal, H2 Equity Partners will become a substantial minority shareholder in the newly enlarged Healthcare 21 Group, which will continue to be led by founder directors Owen Curtin, Tara Kearney and David Frederick to achieve the group’s ambitious European growth plans.

This agreement follows the significant expansion of the Healthcare 21 Group in recent years. Healthcare 21 Group Chairman Owen Curtin said: “The combination of Healthcare 21 and Aquilant is an exciting growth story and accelerates our drive to become a pan-European, best in class provider of specialist sales, marketing and service solutions for our world leading supplier partners.”

“Aquilant is an ideal addition to the Healthcare 21 Group business and offers an expanded product portfolio in many exciting therapy areas that Healthcare 21 currently does not serve. In addition, the Aquilant business’ infrastructure and expertise will ensure that both companies can maintain focus on their current plans and continue to deliver world class outcomes for our customers.”

Cork headquartered Healthcare 21 is a leading specialist supplier of innovative healthcare solutions to Irish, UK and European healthcare customers.

Aquilant is a provider of specialist healthcare and scientific products and services, including outsourced sales, marketing, distribution and engineering for the medical and scientific sectors.

Aquilant has an established business and infrastructure in UK and Ireland serving the requirements of its healthcare customers and supplier partners.

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