The Corporate team at Farleys Solicitors have successfully advised on the sale of Blackburn based companies Select Medical Ltd and Select Medical Holdings Ltd, to Leeds based Herida Healthcare Ltd.
Established in 2001, Select Medical manufacture, supply, clean and repair a wide range of pressure relieving mattresses and cushions.
The acquisition by Herida brings the group to joint revenues of £17m and bolsters the service and repair requirements for the already rapidly growing business, which provides mattresses, cushions and various accessories to help treat and prevent pressure injuries.
Farleys’ team, led by Partner and Head of Corporate Debbie King, acted for all of the selling shareholders of Select Medical, including founder Ray Booth; and advised on the legal aspects of the transaction, with tax and accountancy advice provided by PM&M.
Debbie said: “The Directors at Select Medical have built a solid business and we are delighted to be able to use our legal expertise to advise the team as they reap the rewards of their success in this sale to Herida. It has been a pleasure to work on this deal and I have no doubt that the business will continue to go from strength to strength under its new ownership. We wish all involved the very best of success.”
Ray Booth commented: “We’ve built an excellent business here at Select Medical over the last 20 years and Herida Healthcare continues to grow at a tremendous pace. Adding an unrivalled surfaces portfolio and comprehensive service support to the Herida Group, creates a formidable offering.
“This acquisition is a big plus for our staff and customers, who will benefit from being part of a larger group with a wider portfolio.
It is a proud moment and we wish everyone every success for the future.
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