Clearwater has advised private equity house NorthEdge Capital (NEC) on the MBO of Direct Healthcare Services (DHS).
South Wales-based DHS is a specialist British manufacturer of pressure area care solutions with innovative technologies, designed in partnership with leading clinical and healthcare establishments. DHS works closely with tissue viability nurses to design and manufacture mattresses, cushions and overlays to enhance the quality of patient care across the UK, for acute and community NHS trusts.
Private equity house NEC has taken a majority stake in the company and Michael Joseph, Chairman of NEC, will join the Board. DHS will use NEC’s investment to further its commitment to core intellectual property, expand the team, pursue a buy-and-build strategy, and accelerate growth into international markets.
