The client
Leeds-headquartered Herida Healthcare is a privately owned pressure case and moving and handling manufacturer.
The firm works with clinicians and professionals to develop products that will enhance both the comfort and quality of life for patients, especially focusing on mattresses and cushions.
Select Medical is a Blackburn based company which supplies, cleans and repairs a wide range of pressure relieving mattresses and cushions. Since 2001, the firm has supported front line care workers, the NHS and care homes in the prevention of debilitating pressure ulcers.
What we did
Our dedicated team of professionals provided financial and tax due diligence to Herida Healthcare on its acquisition of Select Medical.
The outcome
We successfully advised Herida on their first acquisition resulting in the new group boasting joint revenues of £17 million and strong double-digit EBITDA for the current year, ending March 2021. In the purchase of Select, Herida has kicked off what is expected to be an ambitious series of strategic acquisitions by strengthening its core product range and expertise. The two businesses have clear synergies, which provides confidence that the enlarged group will go from strength to strength in the coming years.
