Clearwater International has advised Direct Healthcare Group, owner of award-winning healthcare manufacturer Direct Healthcare Services and Nightingale Care Beds, on its debt funding provided by Yorkshire Bank. This funding has supported the acquisition of Kirton Healthcare, the UK’s leading manufacturer of specialist seating products, from NVM Private Equity.
Direct Healthcare Group specialises in the development of clinically effective solutions for harm-free patient care. With 190 employees and turnover of €24m, the Group consists of award-winning pressure area care business Direct Healthcare Services and bariatric rental specialist, Nightingale Care Beds.
Kirton, has more than 30 years’ experience in the design and manufacture of specialist seating solutions for a range of healthcare customers. The business has developed a reputation as a market leader and is renowned for its specialist chairs, which are configured to suit a range of patient requirements and provide postural support and increased patient independence.
Clearwater International advised Direct Healthcare Group on the transaction, led by Partner and head of debt advisory Mark Taylor, with support from Director Tom Barnwell and Associate Shahbaz Qasim.
The acquisition of Kirton Healthcare was supported with funding from Yorkshire Bank and is the second in a series of planned key acquisitions for the Direct Healthcare Group. The Group was formed after a management buyout backed by NorthEdge Capital in 2016, a transaction advised on by Clearwater International.
“We are delighted to acquire such a well-respected brand and highly committed team. We are also pleased to be able to extend best value to all our customers in the increasingly demanding area of specialist seating.”
Graham Ewart, Managing Director of Direct Healthcare Group
Tom Barnwell, Director, Clearwater International