A significant acquisition has occurred in the UK healthcare market. Countrywide Healthcare Supplies, based in Barnsley, has been purchased by phs Group. This transaction was completed for an undisclosed amount.
Countrywide Healthcare Supplies, a renowned care home supplier, has been operational for 28 years. They provide a wide range of healthcare products, interior design, and fit-out services, employing over 130 staff.
The acquisition sees Countrywide Healthcare Supplies joining forces with phs Group, a company known for its expertise in washroom, waste management, and various other services. The move marks an exit for key figures such as founder and former chairman Alastair Kitching, co-director Jeremy Gilson, and investor Octopus Ventures.
Meanwhile, the phs Group, headquartered in Caerphilly, serves over 300,000 businesses in the UK and operates internationally. The group boasts a workforce of more than 3,300 employees.
James Darlington of Vertex expressed pride in the successful transaction, highlighting the synergies and future growth opportunities for both companies.
The acquisition is anticipated to provide increased benefits for customers, courtesy of phs Group’s expansive distribution network and robust market presence.
Sarah Robinson expressed her gratitude towards the outgoing directors and investors, acknowledging their contributions and looking forward to a bright future under phs Group’s leadership.
While the financial details of the deal remain undisclosed, the involvement of Vertex underscores the strategic importance of expert advisory in such transactions.
The current workforce of Countrywide Healthcare Supplies, comprising over 130 employees, will continue their roles under the new ownership. This assures minimal disruption and promotes business continuity.
This acquisition signifies a major development in the healthcare sector. The merger of Countrywide Healthcare Supplies with phs Group combines two strong entities, promising enhanced service delivery and growth.
With shared values and strategic alignment, the future looks promising for both companies and their stakeholders.
