2.2 C
Lancashire
Friday, February 7, 2025

Grant Thornton leads sale of surgical instruments manufacturer

Grant Thornton UK LLP’s Corporate Finance team has advised on the sale of Manchester-based surgical instrument manufacturer Bailey Instruments to Marsden Group

Established in 1984 by Tim and Sally Bailey, Bailey Instruments supplies precision medical instruments and devices to the NHS and global healthcare markets. Their daughter Gemma Bailey is remaining actively involved as a director in Bailey Instruments and will continue to lead its growth in all international markets. 

Marsden Group will provide investment to drive Bailey’s future growth strategy. Bailey’s high quality, comprehensive instrument portfolio will complement and strengthen Marsden Group’s international business and provide further access to global healthcare markets. Moreover, Bailey will also strengthen Marsden Group’s ability to diversify into fast growing adjacent categories in UK public and private healthcare sectors.  

Marsden Group already offers a range of proven medical devices to help healthcare professionals deliver high quality assessment in hospitals, care homes and community settings. This offering includes weighing devices which are an essential monitoring and diagnostic tool. Bailey Instruments will complement this with an extended range of device solutions from one of the most reputable and fastest growing manufacturers of medical instruments and devices in the UK.  

The Grant Thornton team was led by healthcare specialist Nick Jones, supported by Cariad Lightfoot and Maria Barnes.  

Nick Jones, Corporate Finance Director at Grant Thornton UK LLP, said: “We are delighted to have advised the founding shareholders of Bailey Instruments on its sale. There are strong synergies and cross-selling opportunities across both companies and we are confident the business will continue to flourish as part of a larger group. 

“We have seen significant and growing appetite for medical instruments and devices businesses with a global footprint, and we expect this to continue going forward.” 

Tim Bailey, Chairman of Bailey Instruments added: “We are extremely grateful to Nick, Cariad and the rest of the Grant Thornton team for all of their hard work supporting us on this important phase of Bailey’s journey. Their experience, expertise and pragmatic advice throughout has been invaluable.” 

“We look forward to seeing Bailey Instruments thrive and grow within the Marsden Group. In terms of continuity, the key contacts, products and other details will remain unchanged at Bailey.” 

spot_imgspot_img

Latest

Appy Pie Launches AI Generator: The Next Evolution in AI Content Creation

Appy Pie, a pioneer in no-code technology, proudly announces...

How Remote Work is Driving Growth at Carrie-Ann Sudlow Consultancy

Since shifting to a fully remote and hybrid working...

New projects to explore the North West’s working-class heritage

Four new projects across the North West - including...

Jennings Brewery to return to brewing in Cockermouth under new ownership

The historic Jennings Brewery located in Cockermouth, Cumbria, has...
spot_img

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

Burnley fan banned after racially abusing Blackburn Rovers striker

A man has been given a three-year football banning...

Winter Driving: How EV Owners Can Stay Safe and Avoid Penalties

The Electric Car Scheme shares expert advice on...

Age UK Lancashire launches “Leave It Local” campaign to inspire legacy giving

Age UK Lancashire is delighted to announce the launch...

Project Harmless Breathes New Life into Forgotten 1970 Tartan with Exclusive Eco-Friendly Scarves

Scottish sustainable fashion brand Project Harmless has unveiled a...

More News

The rise of remote work and the need for meeting room hire in Stockport

Remote and flexible working has become the norm for modern businesses. Since the COVID-19 pandemic, companies across the UK have embraced remote and hybrid work models,...

The perfect Christmas gifts for any home

Independent shops and high-street retailers both offer a fantastic selection of Christmas gifts for the home. Whether you’re shopping small or hitting the high...

Fibabanka and GetirFinans Launch Türkiye’s First BaaS Platform

In an innovative move, Fibabanka has partnered with GetirFinans to introduce Türkiye’s first Banking as a Service (BaaS) platform. This collaboration brings a new...