A North West manufacturer is set for growth after being snapped up by Yorkshire based Marsden Group.
Surgical instrument manufacturer Bailey Instruments, based in Manchester, has been sold to Marsden Group in a deal which will see the business expand into more international markets.
The company was launched in 1984 by Tim and Sally Bailey, to supply precision medical instruments and devices to the NHS and global healthcare markets. Their daughter Gemma Bailey is remaining actively involved as a director in the company and will continue to lead its growth in all global markets.
Rotherham based Marsden Group – which offers medical devices to help healthcare professionals deliver assessment in hospitals, care homes and community settings – says it will provide investment to drive Bailey’s future growth strategy. It said Bailey’s products will complement and strengthen Marsden Group’s international business, and provide further access to global healthcare markets.
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The firm said that Bailey will also strengthen the group’s ability to diversify into fast growing categories in UK public and private healthcare sectors. Grant Thornton LLP advised on the sale, with a team led by healthcare specialist Nick Jones, supported by Cariad Lightfoot and Maria Barnes.
Mr Jones, corporate finance director, 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.”
