Clearwater International advises Medequip on its sale to Medux
Clearwater International has advised Medequip, the UK’s largest provider of community equipment and complementary services, on its sale to Medux, an umbrella organisation for a group of companies and brands specialising in medical equipment for healthcare organisations and private individuals.
Medequip is a provider of community equipment and complementary services to local authorities and the National Health Service (NHS). Medequip’s services enable individuals to live independently at home for longer, alleviating pressures on the NHS and other healthcare services. Located in Harmondsworth, close to Heathrow Airport, and with turnover of over £200m, Medequip employs more than 1,000 people.
Medux operates in the medical equipment industry and specialises in providing management, maintenance and logistics of medical equipment for healthcare organisations and private individuals. The organisation has a turnover exceeding €385m and includes companies and brands such as HartingBank, Medipoint and Atlas Kidtech.
With a shared focus on ensuring healthcare remains affordable and accessible with an efficient supply of products and services, both Medux and Medequip have strong reputations amongst end users, prescribers and clients. In the Netherlands, Medux supplies more than 1.5 million medical devices annually via its brands Medipoint, HartingBank and Atlas Kidtech. In the UK Medequip visits more than 1.3 million customers every year delivering community equipment services, technology enabled care services (TECS), planned preventative maintenance (PPM) and minor adaptations. By joining forces, Medux and Medequip will strengthen their services and broaden their customer bases.
The organisations will continue to operate independently of each other. The proposed structure was submitted to the Dutch Healthcare Authority (Nederlandse Zorgautoriteit, NZa) for approval, the relevant regulatory authority in the Netherlands.
The Clearwater International team consisted of Managing Partner Michael Reeves, Partner David Weavers, Director and International Head of Healthcare Ramesh Jassal, Director Karen Edwards, Associate Director Mike Slater and Associate Rory Crossen.
Jop Pollmann, CEO of Medux, comments: “This is a big step forward for Medux. We are strengthening our position in the European equipment market; a market that is growing rapidly due to the ageing population and government policies to enable people to live at home independently for longer. This is something we are very familiar with and which provides significant opportunities for both Medux and Medequip”.