Erisbeg Holdings, a low-key Irish investment firm, has acquired two companies in the healthcare supplies space.
The firm, which is backed by a number of well-known business figures, has entered the UK healthcare supply market with the acquisition of Carestream Health UK's service business.
Last year Erisbeg acquired Medray Imaging Systems, the largest medical imaging supply and servicing business in Ireland. It also distributes healthcare supplies.
Under the Carestream deal, Erisbeg, through Medray, will become a distributor for Carestream medical equipment sales and services in the UK. The combined Irish and UK business will have a turnover of between €25m and €30m, market sources said.
In a statement on LinkedIn, Erisbeg said: "This provides Medray with an immediate presence across the entire UK healthcare market, supplying a broad range of products and a significant nationwide after-sales servicing capability.
"It also provides a platform to expand and develop a growing healthcare business across Ireland and the United Kingdom."
The company has two other businesses - BP Multipage, a communications firm which operates in the health sector, and The Food Safety Company, a food safety consultancy. Erisbeg, which is a long-term investor, is led by Thomas Davy, a former senior executive with DCC.
Also involved in the vehicle are Alan Kerr, who co-founded Harbourmaster Capital, which was acquired by Blackstone; Michael Tracey, who sold a majority stake in Tracey Group to DCC; Robert Burns, former head of corporate development at One51; Andrew Murphy, founder of Slainte Care, and Kevin Murray, former DCC senior executive.
Sunday Indo Business