A medical equipment manufacturer in Gloucestershire has been valued at up to £1bn after securing a major investment deal.
Spectrum Medical Group, based at the Meteor Business Park near Staverton, develops technology used in devices such as patient ventilators and during procedures such as cardiac bypasses.
The firm has signed a new partnership deal with private equity firm CVC Capital Partners, which will help support its continued growth. The financial details of the new investment were not disclosed.
