Healthcare sector comment – May 2012

Date

May saw the completion of 19 transactions. One deal that stood out this month was Halma acquiring SunTech Medical for £33.6m. SunTech will complement Halma’s Health Optics business, Riester, which already sells blood pressure and vital signs monitors in over 50 countries worldwide.

Another interesting deal was the acquisition of Continuum Care and Education Group Ltd by Advanced Childcare Ltd. The deal created the largest provider of specialist children’s care and education services, comprising children’s homes, 15 special schools and fostering services, and forming a one stop solution for commissioners.

Deals

Halma Plc acquired SunTech Medical Group Ltd for a consideration of £33.6m. Halma is involved in manufacturing electronic and electrical products, detecting hazards, health analysis and protecting the environment. SunTech Medical Group is a blood pressure monitoring equipment wholesaler.

Reckitt Benckiser Group Plc acquired Beleggingsmaatschappij Lemore BV for an undisclosed amount. Reckitt Benckiser is a consumer goods company. Beleggingsmaatschappij Lemore BV is a medical disposable products wholesale company.

Capita Plc acquired Clinical Solutions Holdings Ltd for a consideration of £20m. Capita Plc is a business process outsourcing and professional services company. Clinical Solutions is a healthcare decision support and clinical knowledge software developer company.

August Equity backed the MBO/MBI of Aspirations Care Ltd for an undisclosed amount. Aspirations Care is a company that specialises in supporting children and adults with mental health problems and profound learning difficulties, autism, and challenging behaviour.

Newcastle Chiropractic Clinic acquired City Chiropractic Clinic for an undisclosed amount.

Capita Plc acquired Medicals Direct Holdings Ltd for a consideration of £15.2m. Capita Plc is a business process outsourcing and professional services company. Medical Direct is a medical screenings provider.

Dechra Pharmaceuticals Plc acquired Eurovet Animal Health BV for a consideration of £108.5m. Dechra Pharmaceuticals is a pharmaceuticals company focused on the veterinary market. Eurovet Animal Health is a veterinary pharmaceuticals developer, manufacturer and wholesaler.

Castel Froma acquired Helen Ley Care Centre for an undisclosed amount. Castel Froma is a provider of care and accommodation for severely physically disabled people. Helen Ley is a multiple sclerosis care and nursing centre.

GlaxoSmithKline Plc acquired CellZome GmbH for a consideration of £61m. Glaxosmithkline is a pharmaceutical and healthcare company. CellZome is a biopharmaceutical drug developer and research services provider.

SGS SA acquired Vitrology Ltd for an undisclosed amount. SGS is an inspection, verification, testing and certification company. Vitrology is a biopharmaceutical research company.

Baird Capital Partners Europe Ltd acquired e2v Scientific Instruments Ltd for a consideration of £16m. Baird Capital Partners is a private equity firm. e2v Scientific Instruments is a company engaged in designing, developing, and producing energy dispersive high resolution solid state X-ray detectors and pulse processors for ion-beam and X-ray induced materials analysis applications.

MC495 Ltd acquired Optima Consumer Health Ltd for a consideration of £3m. MC495 is an acquisition vehicle created by Dr Organic Ltd, a provider of natural skincare products, and its two founders Frederick Whitcomb and Stephen Quinn. Optima Consumer Health is a botanical pharmaceuticals manufacturer.

Open Health Communications LLP acquired Harvey Walsh Ltd for a consideration of £4m. Open Health Communications is a provider of advertising, brand development, medical communications, public relations, and market research services to healthcare sector. Harvey Walsh provides market access and data services to the pharmaceutical industry and the National Health Service.

Destination Skin Group Ltd acquired SkinGenesis Ltd for an undisclosed amount. Destination Skin Group is a clinics operator specialising in non-invasive, advanced technological treatments for anti ageing, permanent hair reduction and skin concerns. SkinGenesis is a skincare clinics operator.

BASF SE acquired Equateq Ltd for an undisclosed amount. BASF is a chemical company. Equateq is a producer of active pharmaceutical ingredients.

Ashridge Capital backed the MBO of Phoenix Learning & Care Ltd for a consideration of £11m. Phoenix Learning & Care is a provider of specialist residential care and education to young people with special needs.

Palm Ventures LLP acquired Nucleus Healthcare Ltd for an undisclosed amount. Pal Ventures is a provider of venture capital investment services. Nucleus Healthcare is a gastroenterology hospital operator.

Synexus Clinical Research Ltd acquired Centrum Medyczne Osteomed Sp Zoo for an undisclosed amount. Synexus Clinical Research is a provider of clinical trial services managing patients on studies on behalf of pharmaceutical companies and contract research organisations. Centrum Medyczne Osteomed is a medical practice services provider.

Advanced Childcare Ltd acquired Continuum Care and Education Group Ltd for an undisclosed amount. Advanced Childcare is a provider of specialist children’s care and education services in the UK. Continuum Care and Education Group is a children’s home operator.