14.2 C
Lancashire
Wednesday, July 24, 2024

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

Appeal after serious collision on the M6 leaves five people injured

Lancashire Police are appealing for witnesses and footage after...

John Ryan By Design Unveils New Website, Product Range, and Premier Retail Champion Status from NBF

John Ryan By Design, a North West-based mattress maker...

EduCrafter: Guiding Chinese Students to Master Essay Writing Abroad

EduCrafter, a leader in ethical academic support, has reached...

Best UK Football Betting Sites For 2024

Football is the UK's biggest and most popular sport....
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

Best Horse Racing Betting Apps In The UK – July 2024

If you are looking for the top horse racing...

Best Betting Sites UK for July 2024

It isn't an understatement when we say that the...

Mums who lost children to brain cancer launch heartfelt podcast

They may live 100 miles apart but Karen Kinsella...

Appeal after serious collision on the M6 leaves five people injured

Lancashire Police are appealing for witnesses and footage after...

More News

Self-storage for home-based businesses: Expanding without the overhead

Running a home-based business offers numerous advantages, including flexibility, convenience, and cost savings. However, as your business grows, so does the need for space. Self-storage...

How to Style Your Display Cabinets

When it comes to enhancing the aesthetics and functionality of your home, a display cabinet can be a game-changer. Whether you’re looking to showcase...

Securing Web3 Development: Guide to ISO 27001

Web3 development is revolutionizing the internet by leading it into decentralized user-managed environments. Starting at $2.18 billion in 2023 and expected to hit $65.78...