Limerston Capital-backed Prism Healthcare acquires Repose Furniture

Limerston Capital portfolio company Prism Healthcare has completed the acquisition of Repose Furniture Limited (Repose) adding a further GBP7 million in revenues and GBP1.7 million in EBITDA.

Based in Cradley Heath (Birmingham) Repose designs, manufactures and distributes bespoke, specialist rise and recliner chairs for use in the healthcare sector in the UK and internationally. 

Prism Healthcare is a vertically integrated provider of specialist equipment that gives mobility to the elderly, disabled and mobility disadvantaged within their own homes, care homes or hospitals. Prism Healthcare’s diverse portfolio of UK manufactured healthcare equipment covers safe patient handling, bathing, accessibility and pressure area care products that provide healthcare professionals with an affordable, clinically effective choice of solutions. Also, with their nationwide team of engineers and assessors, they can support their clients wherever they are in the UK to make life – and care – easier for all.

Prism Healthcare has four manufacturing sites and five regional services centres in the UK employing approximately 550 staff across manufacturing, installation and services. 

Since Limerston Capital invested in Prism Healthcare in December 2018, the group has extended its presence in the UK with the acquisition of patient lifting and bathing supplier Assured Healthcare in Scotland, extended its product range with the acquisition of the moving and handling manufacturer Care-ability and entered the pressure area care market with the acquisition of Harvest. Repose provides the group with a product portfolio which is a natural extension to the Harvest range of products that are sold into both long term care and into local authority community equipment loan stores.

Martim Avillez and Joao Rosa Limerston Capital Founding Partners say: “Prism Healthcare has seen considerable investment and solid progress since our acquisition, benefiting from both strong organic growth and a successful acquisition strategy. This acquisition is a significant step in completing the build-out of the company’s industry leading product and service offering.”

Stuart Meldrum, Chief Executive of Prism Healthcare, says: “The acquisition of Repose follows our expansion into the long term care market with the acquisition of Harvest and substantially increases our presence in this space. The broad choice of product and service solutions we can offer across all the healthcare channels puts us in a great position to help our customers make care delivery easier.  We would like to thank Limerston Capital for the continued commitment to our growth strategy.”

Lisa Wardley, Managing Director of Repose, says: “We are excited to be joining the successful team at Prism and are looking forward to further accelerating our own growth with the backing of our new investor.”

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