Medical device market leader, Marsden Group, is targeting future growth within international and UK healthcare markets following the acquisition of specialist surgical instruments and medical device manufacturer Bailey Instruments.
Bailey Instruments is a Manchester based company which is responsible for manufacturing a diverse range of single-use and reusable medical devices which are used in general surgery and ENT.
The deal will see the Bailey Instruments brand retained by Marsden Group, with Chairman Tim Bailey playing a consultancy role within the business. Fellow Director Gemma Bailey will remain actively involved within Bailey Instruments and will be responsible for leading Bailey’s international growth.
Mark Holdaway, CEO for the Marsden Group, said:
“There is a great deal of synergy between the innovative work being delivered by Bailey Instruments and the Marsden Group. The acquisition of Bailey Instruments will provide new opportunities for both businesses, by extending and diversifying the range of solutions we provide to our customers within the healthcare sector.
“The acquisition will provide new opportunities for both businesses, both in terms of investing in research and development, bringing new products to market, as well as building on their expertise, experience and manufacturing capabilities, as we target future growth."
Tim Bailey, Chairman of Bailey Instruments said:
“Joining the Marsden Group of companies will provide us with an opportunity to continue the innovative work we have been delivering in the healthcare sector for nearly 40 years. Together, we will continue to enable caregivers to make a real difference to patient outcomes everywhere.
“When we first entered into discussions it was very clear that our vision was very much aligned with that of the Marsden Group and I am confident that the acquisition will provide opportunities to share our expertise and knowledge, helping to improve patient outcomes by continuing to invest and innovate, whilst crucially providing business continuity as well as helping to unlock new opportunities to grow and develop our operations."
If you would like to learn more about Bailey and their product portfolio, here is a link to their website: https://baileyinstruments.co.uk
Should you have any questions, please do not hesitate to contact a member of the Marsden team.