Clearwater International advised Countrywide Supplies (“Countrywide”), a leading distributor of prescription medical products, on its cross-border sale to Atos Medical.
Countrywide Supplies is a licensed dispensing appliance contractor (DAC) for the UK, providing Head & Neck and Ostomy products directly to patients.
Founded in 1986, Atos Medical is the global leader within the Head & Neck medical products area. The company has a history of strong growth in the Swedish healthcare businesses: its products are sold in 80 countries around the world, providing annual revenues in excess of €100m. In 1996, Atos Medical started its UK operations (based in Eastbourne) under the name Platon Medical. This transaction further supports the company’s commitment to the UK market and consumers.
Clearwater International’s managing partner Phil Burns, director Karen Edwards, associate Richard Ellis and international head of healthcare Ramesh Jassal advised the shareholders of Countrywide on its sale.
“It was great to work with Clearwater International on the sale of our business. Karen and the team supported us throughout the process, providing excellent and balanced advice during complex negotiations. They showed real commitment to getting the deal done, achieving a great result for us by delivering strategic buyers and an excellent valuation. We were thoroughly impressed with their expertise and work ethic, and wouldn’t hesitate to recommend Clearwater International to anyone seeking corporate finance advice.”
Peter Stockley, Director at Countrywide Supplies
“This deal represents the next exciting stage of Countrywide’s development. The company has established itself as a market-leading distributor of prescription medical products in the UK and is now ready to expand further under its new ownership. With the backing of Atos, the company will take advantage of an even greater product range and significant strategic opportunities, whilst continuing to provide its patients with a high level of customer service.”
Ramesh Jassal, head of healthcare at Clearwater International