Derby healthcare firm sells medical packs arm

Derby healthcare firm Pennine Healthcare has sold its medical procedure packs division to Unisurge, based in Newmarket.

Pennine Healthcare is one of the UK’s leading privately owned manufacturers of single use, sterile medical devices and customer procedure packs. The firm employs 380 people in Derby.

Cooper Parry acted as lead advisers to the shareholders of Pennine Healthcare. Fraser Cunningham from East Midlands law firm, Smith Partnership, provided legal advice to the selling shareholders, whilst Philip Speer from Thomas Webb and Corfield acted for the buyers.

Luke Fryer, chief executive at Pennine Healthcare, said: “Pennine and Cooper Parry worked well as a team throughout the whole process, providing valuable guidance and advice across a broad spectrum of matters.”

Sally Saunders

Sally Saunders, director of corporate finance at Cooper Parry said: “It has been a pleasure to work with the shareholders of Pennine Healthcare on the disposal of this specialist division of their business to Unisurge.

“The acquisition is an excellent fit for Unisurge, which has a first class reputation in its particular field and has acquired a business from a firm with a similar culture and commitment to excellence.”