27 January, 2023 in Company News

CavanaghKelly advise on sale of Evolution Healthcare

CavanaghKelly led by Partner Michael Drumm and Manager James McKiver were delighted to provide sell-side transaction advisory services to the owners of Evolution Healthcare Limited on its recent sale to private equity-backed Prism Healthcare.

Having recently celebrated its 25th year in business, Evolution Healthcare supplies specialist medical furniture and equipment throughout Northern Ireland, Ireland and Scotland to the NHS, Nursing Homes and Private Customers. Evolution has invested heavily in its operations over the last number of years and recently moved to a new facility with a full showroom in Cabragh, Co. Tyrone.

Formed in 1984, Prism Healthcare is backed by Charme Capital Partners and provides specialised healthcare products and services across the UK and through an international partner network globally.

CavanaghKelly provided full sell-side Advisory & Tax transaction services on the deal.

Aidan Lafferty, former owner and Director of Evolution: “CavanaghKelly were instrumental in making this deal come to fruition, providing practical advice throughout the deal process. I look forward to building on the success of Evolution and supporting Prism in continued growth moving forward.”

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