Healthcare equipment specialists Sidhil Ltd. has been acquired by Drive DeVilbiss Healthcare Ltd. (Drive), a leader in the design, manufacture and marketing of durable medical products, in a deal advised by Clearwater International.
With an established history in the healthcare market dating back well over a century, Sidhil is the UK’s leading manufacturer of innovative hospital and home healthcare beds, furniture and accessories. With a strong reputation for product design and development, the company serves both national and international private and public healthcare markets. Sidhil’s clinically focused designs and advanced manufacturing capabilities are built around the supply of safe and relevant products that improve comfort and quality of life for patients whilst reducing workloads for carers.
Headquartered in New York, Drive manufactures a complete line of medical products including mobility products, sleep and respiratory products, beds, bariatric products, wheelchairs and more, and markets its products to customers throughout the world. The business has recently undergone a recapitalisation with US PE house Clayton Dubilier & Rice, to fund continued international growth.
This transaction will provide Sidhil with further resources for expansion, whilst allowing Drive to access Sidhil’s product portfolio, extend its customer base in the U.K. and Europe, and expand its manufacturing capabilities.
The Clearwater International team, who advised Sidhil, was led by Partner Michael Reeves, with support from Director Karen Edwards, Head of Healthcare Ramesh Jassal and Senior Associate Richard Ellis.
Peter Siddall, Chairman, Sidhil Group said: “I’m very proud of what Sidhil has achieved as a family run business. This acquisition creates fresh opportunities for the development of new products and services designed around the changing needs of the healthcare market.”
Richard McGleenan, Managing Director of Drive DeVilbiss Healthcare Limited continues: “Sidhil has established a leading reputation for providing high quality, innovative products and services to their customers. With worldwide distribution and over 130 years of healthcare manufacturing in the UK, this is a key acquisition for Drive DeVilbiss Healthcare elevating us to market leader in the provision of beds and support surfaces into the UK Healthcare sectors and also expanding our UK Manufacturing footprint. We look forward to working with the Management team in expanding our business in this specialised area.”
Michael Reeves, Partner, Clearwater International said: “Sidhil enjoys an excellent position within its market. Joining with Drive will allow for further development and the broadening of its international reach and product capability. There’s no doubt that the opportunities are significant and present a very exciting future for both businesses.”