Limerston Capital has acquired Prism Medical UK (Prism) from LDC. Prism specialises in moving, handling and bathing equipment for elderly, disabled and mobility disadvantaged clients.
Prism supports customers in a range of care environments, such as schools, hospitals and care homes, and provides a full-service that includes the design, installation and servicing of its equipment across the homecare, long-term and acute care markets.
Prism operates from eight UK locations, employs circa 450 highly skilled staff delivering a portfolio of 180 products, driving growth in the GBP600m UK market and a number of international markets including China and Australia.
Stuart Meldrum, CEO of Prism Medical UK, says: “Limerston Capital’s depth of team, skills and their commitment to supporting Prism Medical convinced us that they are the ideal partners for this exciting next stage in the company’s development. We see a range of opportunities to build on our success by expanding our product and geographic coverage both here in the UK and internationally.”
Joao Rosa, Founding Partner of Limerston Capital, says: “We have been following the sector for some years and identified Prism as a particularly interesting investment opportunity. We are excited to be working with Stuart and his team who have demonstrated their ability to produce success with Prism’s high skilled employees delivering top quality products and customer service. Limerston is looking to support the management team’s ambitious plans for growth both organic and through acquisitions”.
Limerston Capital was advised by PwC, Linklaters LLP and GK Strategy. LDC was advised by Clearwater International.