Merseyside based Parity Medical, a leading supplier of medical products and support services to the NHS and private healthcare systems in the UK and Ireland, has been acquired by US manufacturer Touchpoint, Inc, parent company of TouchPoint Medical.
The deal sees Parity Medical join TouchPoint’s healthcare platform, which focuses on developing customer-driven solutions to securely mobilise medical technology and manage medication dispensing in a way that creates safer and more efficient healthcare environments. Together, the two companies will offer a range of highly complementary products, talent, services and channels to market.
Hill Dickinson’s Liverpool Corporate team, led by partner and head of office Matt Noon and senior associate Phil Wallbank, provided legal advice to Parity Medical, working in conjunction with Grant Thornton UK LLP’s North West Corporate Finance team.
Parity Medical has an excellent reputation in the UK and Ireland for the quality of its healthcare products and services. This acquisition provides significant benefits for both parties, expanding the TouchPoint platform’s overall service offering while giving Parity the resource it needs to achieve further growth. It’s been a pleasure to work with the team at Parity, alongside Pete Terry and Chris Ryan of Grant Thornton, to help bring this deal to a successful conclusion.Matt Noon
Partner and head of Liverpool office, Hill Dickinson
Founded in 1989, Parity Medical is a market leader in manufacturing customised medical trolleys, mounting systems, telemedicine solutions and patient entertainment systems. The company’s products are designed and manufactured in Wirral, UK.
TouchPoint is a privately held, diversified global growth company based in Pennsylvania, USA. The company focuses on acquiring and building niche, high growth engineering and manufacturing businesses where technology and human touchpoints make a tangible difference to the end user.
In total, TouchPoint companies have over 4,500 employees in 27 countries and serve more than 80,000 customers in nearly 100 countries globally.