Vernacare acquires Synergy Health Healthcare Consumable Solutions
Infection prevention products manufacturer Vernacare has acquired Synergy Health Healthcare Consumable Solutions (“HCS”) from STERIS plc for an undisclosed sum. The two businesses will come together under the Vernacare brand.
Vernacare is the UK’s market-leading provider of single-use infection prevention systems to the healthcare sector, and employs 180 staff across the UK and overseas. Its products are sold to more than 50 countries and used by over 94 per cent of NHS trusts.
The Vernacare single-use system incorporates a range of high quality paper-based single-use containers (such as bedpans, urinals, and bowls) and macerator disposal units. This is a cleaner, safer, and more cost-effective way to eliminate waste hygienically while fighting against infection.
HCS manufactures products for wound care and surgery, as well as hygiene wipes under the market leading brands of Conti and AZO. The company employs around 100 staff at its Chorley production facility and headquarters, and its Preston warehouse.
This acquisition follows financial backing from Palatine Private Equity in October 2015 to accelerate the development of the Vernacare’s global footprint, as well as supporting future acquisitions.
Matt Miller, CEO of Vernacare, says: “This acquisition will significantly increase the size of our business, and demonstrates the commitment of our investors, Palatine Private Equity, to the continued growth of Vernacare. In particular, there is huge potential for further overseas growth, where we can expand Vernacare’s strong market presence by introducing new products. It will also give us the opportunity to work more closely and broadly within the NHS and UK independent healthcare markets, enhancing our market position.
“Operations and activities continue as normal across the existing Bolton, Chorley and Walton Summit facilities. We look forward to working together productively and collaboratively during this exciting period of opportunity and growth.”
A spokesperson from STERIS comments: “Both STERIS and Vernacare believe that Vernacare can better grow HCS product sales through its broad distribution network and complementary product offering.”
Andy Lees, Partner at Palatine Private Equity, says: “This acquisition is a strategic move for Vernacare and provides the business with several expansion opportunities. The addition of HCS allows Vernacare to broaden its product range and branch out into new areas of the healthcare industry to support further growth. The company already has a large presence in the global market, and this new offering will only boost its exporting opportunities.”