Prism Medical UK Announces Acquisition of Smirthwaite
“For some time Prism has wanted to extend its offering into paediatric products so that we can serve more of the people in society who need our help.”
Moving, handling and bathing specialist Prism Medical UK announced on Monday the 24th August the acquisition of Smirthwaite Ltd. (trading as ‘Smirthwaite’), a manufacturer and supplier of a wide range of specialised equipment for children and young people with special needs.
Devon based Smirthwaite has been designing, manufacturing and selling equipment for almost 30 years, serving both the UK and global markets and has prided itself with developing products that provide numerous clinical benefits and promote social inclusion, independence and ease of use. Smirthwaite will operate as an independent business for the foreseeable future with Richard Snape continuing in his role as Managing Director of Smirthwaite along with the senior management team.
Prism’s growth continues at a remarkable pace and the acquisition of Smirthwaite is expected to increase group turnover to c. £40 million, consolidating Prism’s expanding share of the moving, handling and bathing space.
Commenting on the acquisition, Prism CEO Stuart Meldrum said: “For some time Prism has wanted to extend its offering into paediatric products so that we can serve more of the people in society who need our help. In Smirthwaite we have acquired an excellent company that has demonstrated significant growth in recent years, and has developed a range of products which are highly regarded by its customers. Our aim is to deliver superior solutions with exceptional service and the acquisition of Smirthwaite will further underpin this objective.”
Richard Snape, Smirthwaite MD added: “I am truly excited with the opportunities this acquisition has undoubtedly presented. Smirthwaite has huge potential for increased growth as a leading brand and solution provider for children and young people with special needs. There is now further impetus for this growth with the addition of the expertise and capabilities of the Prism group.”