Member Article

Selby firm GBUK acquires rival healthcare manufacturer

Selby’s GBUK Ltd, a manufacturer and distributor of surgical and other medical devices, has announced the acquisition of Quintal Healthcare for an undisclosed sum.

Quintal Healthcare Ltd, also based in Selby, manufactures seated and lateral transfer boards and glide sheets as well as patient turning equipment and handling belts, and ‘strategically reinforces’ GBUK’s Healthcare division by providing the group with an established base in a new and complementary market sector.

Swinburne Maddison undertook legal due diligence on behalf of GBUK and negotiated the principal share purchase agreement.

According to Martyn Tennant of Swinburne Maddison, whilst the deal structure was relatively simple, the differences between the two businesses made negotiation of terms to ensure business continuity challenging.

He said: “I am delighted that we have been able to advise GBUK on an acquisition of this nature and support the client during an exciting time in its evolution.

“Understanding the client and its sector, coupled with our partner –led approach, ensured that we were able to provide cost effective due-diligence.

“Also thanks to Swinburne Maddison’s depth of resource and experience, our commercial team was able respond quickly thereby ensuring a speedy conclusion.

“We look forward to working with GBUK further to support its continued success.”

Guy Mills, owner of GBUK added: “The acquisition of Quintal Healthcare is an important step for GBUK. Strategically it will reinforce our Healthcare division by providing us with a strong base in a new and complementary market segment.

“The advice and support we received from Swinburne Maddison was invaluable for ensuring a seamless acquisition process.”

This was posted in Bdaily's Members' News section by Clare Burnett .