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Historic Hospital Bed Maker Snapped up by US Firm

Historic Hospital Bed Maker Snapped up by US Firm

Historic Hospital Bed Maker Snapped up by US Firm : A designer and manufacturer of hospital beds which can trace its roots back 130 years has been acquired by a private equity-backed US counterpart.

The £26m-turnover healthcare equipment specialist Sidhil, which is headquartered in Halifax, has been acquired by Drive DeVilbiss Healthcare in a deal supported by Clearwater International.

The business makes hospital and home healthcare beds, furniture and accessories, serving national and international private and public healthcare markets.

Peter Siddall, chairman of Sidhil Group said: “I’m very proud of what Sidhil has achieved as a family-run business. This acquisition creates fresh opportunities for the development of new products and services designed around the changing needs of the healthcare market.”

Headquartered in New York, Drive DeVilbiss Healthcare manufactures a line of medical aids including mobility products, sleep and respiratory products, beds, bariatric products and wheelchairs.

The business has recently undergone a recapitalisation with US private equity house Clayton Dubilier & Rice to fund continued international growth.

Richard McGleenan, managing director of Drive DeVilbiss Healthcare, added: “Sidhil has established a leading reputation for providing high quality, innovative products and services to their customers.

“With worldwide distribution and over 130 years of healthcare manufacturing in the UK, this is a key acquisition for Drive DeVilbiss Healthcare elevating us to market leader in the provision of beds and support surfaces into the UK healthcare sectors and also expanding our UK manufacturing footprint.”

Interested in this article? Read more at Insider Media Limited.

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