Grant Thornton advises Parity Medical Holdings Limited Parity Medical Holdings Limited has been sold to TouchPoint, Inc

March 2022
Parity Medical Holdings Limited
TouchPoint, Inc.
Adviser to Parity Medical on their sale to Touchpoint
£undisclosed
Grant Thornton team
Private sector healthcare
Sell side
Corporate finance
UK
USA

We are delighted to have advised Parity Medical Holdings Limited on their sale to TouchPoint, Inc.

Parity Medical is a manufacturer and supplier of medical information access carts, providing an extensive range of solutions for use across a spectrum of healthcare applications and departments. TouchPoint, Inc is a privately-held diversified global growth company focused on engineering products in growth markets. Their three core areas are medical products, access hardware and inventory management systems.

We project managed the entire sale process including pre-sale preparation, identifying the best strategic buyers, leading negotiations and resolving issues arising during negotiations.

Whilst the business had strong relationships with NHS Trusts and products that were targeted at the growing area of digitisation within the NHS, we were able to advise on optimal timing of a sale process in order to maximise value.

As part of detailed negotiations our corporate finance team were able to negotiate a seller friendly equity term sheet and locked box, with TouchPoint, Inc being granted exclusivity as the preferred bidder.

Our transaction services team based in London provided buy-side due diligence services to TouchPoint, Inc.

Testimonial

The Grant Thornton team have been excellent advisers and have delivered a great outcome for the shareholders, the wider team and customers too. We look forward to the future with confidence as part of the TouchPoint family.

Steve Wood Director and Co-Founder, Parity Medical Holding Limited

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