Niche hospital equipment producer Therapy Equipment, has been acquired by business growth specialists Owner Venture Managers (OVM) in a multi-million pound deal.
ANDREW CARPENTER
The sale will allow Therapy Equipment, which is already the NHS’s largest supplier of “suction and oxygen therapy” equipment, to grow internationally under its new owner, whilst maintaining production from the company’s base in Potters Bar, Hertfordshire.
Founded in 1983 by Chris Munn, Therapy Equipment employs 28 people and supplies a vast amount of Britain’s 152 NHS trusts.
Therapy Equipment provides the regulators, flowmeters and other devices that connect to either the hospital’s installed gas pipelines or gas cylinders. Its suction controller and oxygen flowmeter are normally installed behind each hospital bed in a modern unit.
Steve Munn, who continues as managing director of Therapy Equipment, said: “Each day our equipment is helping keep thousands of people alive in the UK’s hospitals, so its quality, durability and reliability has always been our number one priority.
“We were looking to ensure the business was purchased by someone who would share our passion for its importance, and who would also have the strategic vision for the future potential of the business."
OVM, which has purchased Therapy Equipment, is a privately-owned UK-based investment firm that acquires and invests in trading businesses that have a strong track record and are capable of significant future growth.
