We provided 2nd lien debt facilities to support the acquisition of Lancashire-based Synergy Health Healthcare Consumable Solutions (HCS) by North West medical products manufacturer Vernacare for an undisclosed sum.
Vernacare, a provider of single-use infection prevention systems for the healthcare sector, employs 180 people in the UK and overseas. Its products are used by more than 94% of NHS Trusts and sold to over 50 countries and HCS manufactures products for wound care and surgery, employing around 100 across its HQ and production facility in Chorley and a warehouse in Preston. HCS will operate under the Vernacare brand going forwards.
In October 2015, Vernacare was backed by investment firm Palatine Private Equity as it embarked on a mission to grow its global footprint.
LocationBolton, Greater Manchester
Deal typeAcquisition Funding
Deal dateNovember 2017
SponsorPalatine Private Equity