Grant Thornton UK LLP’s Corporate Finance team has advised on the sale of Manchester-based surgical instrument manufacturer Bailey Instruments to Marsden Group.
Established in 1984 by Tim and Sally Bailey, Bailey Instruments supplies precision medical instruments and devices to the NHS and global healthcare markets. Their daughter Gemma Bailey is remaining actively involved as a director in Bailey Instruments and will continue to lead its growth in all international markets.
Marsden Group will provide investment to drive Bailey’s future growth strategy. Bailey’s high quality, comprehensive instrument portfolio will complement and strengthen Marsden Group’s international business and provide further access to global healthcare markets. Moreover, Bailey will also strengthen Marsden Group’s ability to diversify into fast growing adjacent categories in UK public and private healthcare sectors.
Marsden Group already offers a range of proven medical devices to help healthcare professionals deliver high quality assessment in hospitals, care homes and community settings. This offering includes weighing devices which are an essential monitoring and diagnostic tool. Bailey Instruments will complement this with an extended range of device solutions from one of the most reputable and fastest growing manufacturers of medical instruments and devices in the UK.
The Grant Thornton team was led by healthcare specialist Nick Jones, supported by Cariad Lightfoot and Maria Barnes.
Nick Jones, Corporate Finance Director at Grant Thornton UK LLP, said: “We are delighted to have advised the founding shareholders of Bailey Instruments on its sale. There are strong synergies and cross-selling opportunities across both companies and we are confident the business will continue to flourish as part of a larger group.
“We have seen significant and growing appetite for medical instruments and devices businesses with a global footprint, and we expect this to continue going forward.”
Tim Bailey, Chairman of Bailey Instruments added: “We are extremely grateful to Nick, Cariad and the rest of the Grant Thornton team for all of their hard work supporting us on this important phase of Bailey’s journey. Their experience, expertise and pragmatic advice throughout has been invaluable.”
“We look forward to seeing Bailey Instruments thrive and grow within the Marsden Group. In terms of continuity, the key contacts, products and other details will remain unchanged at Bailey.”