News - Midlands
Clearwater advises on £31m healthcare deal
Birmingham-based Clearwater Corporate Finance has advised the Irish and UK listed business support services group DCC, on the sale of its mobility and rehabilitation business to Patterson Medical, the UK subsidiary of US-based Patterson Companies. The deal represents Clearwater’s sixth cross-border transaction in as many months. Patterson, a supplier of rehabilitation and physiotherapy products, has acquired Physio Med Services, Ausmedic Australia and Metron Holdings and the business and assets of Days Healthcare UK from DCC, and certain minority shareholders in PMS and Ausmedic, for £31m.