The business develops and supplies moving, handling, and bathing equipment, as well as providing a full product and service solution to their clients.
Prism Medical UK is a provider of specialist equipment for mobility disadvantaged clients.
In April 2014 LDC completed an investment to support the £30million acquisition of Prism Medical UK.
The business is accelerating its buy and build strategy, with its fourth acquisition since LDC supported management buyout.
In August 2015, the business purchased Smirthwaite, a manufacturer and supplier of specialist equipment for children and young people with special needs. This follows the purchase of The Mobility Equipment Company earlier in the year, and two other acquisitions in 2014.
So far during LDC’s tenure, Prism Medical's staff numbers have grown by 130 people as a result of acquisitive and organic growth, with the business now employing a total of 430 people.
The acquisitions of TMEC and HME in quick succession represent our ambition to accelerate growth across our business with LDC’s support. TMEC provides us with a more established presence in the Midlands from which we can further develop our existing service offering in this key region, while HME brings additional training skills and capabilities. Stuart Meldrum, Chief Executive, Prism Medical