Clinisupplies Acquires Great Bear Healthcare to Expand Direct-to-patient Chronic Care Services in the Community
July 11 2023 - 7:00AM
Business Wire
Clinisupplies, a leading manufacturer and supplier of
continence care consumables, today announced the acquisition of
Great Bear Healthcare, a UK-based manufacturer and supplier
of continence products for managing acute and chronic
conditions.
Clinisupplies and Great Bear Healthcare are both growing
organisations predominately focused on the UK healthcare market for
continence products. The two companies provide continence care
nursing services to support the NHS and offer a dedicated home
delivery service for continence care products to patients’
homes.
Great Bear Healthcare is the first acquisition since
Clinisupplies became a KKR portfolio company in January 2023 and is
allied to the ambition of building an international chronic care
medical devices platform.
Paul Cook, CEO of Clinisupplies, commented: “Becoming part of
the KKR network and leveraging their team’s expertise helps us to
support more consumers and engage with more healthcare
professionals. Great Bear is the perfect fit for Clinisupplies to
strengthen our core business in the UK and create a platform for
future growth. We look very much forward to working with the Great
Bear team and continuing the great work of founders who created a
successful organisation.”
Al Hale, CEO of Great Bear, commented: “Clinisupplies is the
right organisation to take Great Bear onto the next stage of its
growth journey. The last 16 years has seen Great Bear grow from a
new entrant to a strong player within the UK continence market. The
investment which Clinisupplies is now able to bring to the
organisation will enable further growth to support more patients
across the UK.”
KKR invested in Clinisupplies through KKR Health Care Strategic
Growth Fund II, a $4.0 billion fund focused on investing in
high-growth healthcare companies. KKR has a long track record of
supporting healthcare companies globally, having invested
approximately $19 billion in the sector since 2004.
About Clinisupplies Clinisupplies is a leading UK-based
manufacturer and supplier of medical appliances specialising in
continence products for managing acute and chronic conditions.
Employing over 500 people in the UK, China and India, Clinisupplies
supplies its products to the NHS and delivers direct to patients’
homes through Clinidirect, its dispensing appliance contractor.
Clinisupplies is focused on developing products which are simple
and discreet to use. Its product development team works with
clinicians and patients to develop a strong product pipeline to be
manufactured at its CE, ISO, US FDA approved facilities.
Please visit www.clinisupplies.co.uk for further
information.
About Great Bear Great Bear Healthcare is a UK-based
manufacturer and supplier of continence care products and operates
the home delivery service Nightingale. The company was created in
2007 with the aim of developing a high-quality range of continence
products to enable people to live the life they want to lead.
Great Bear has grown consistently and today employs more than
120 people working across Great Bear & Nightingale home
delivery service. Great Bear is headquartered in Cardiff with home
delivery services based in Cardiff & Bridgwater.
Please visit www.greatbearhealthcare.co.uk for further
information.
About KKR KKR is a leading global investment firm that
offers alternative asset management as well as capital markets and
insurance solutions. KKR aims to generate attractive investment
returns by following a patient and disciplined investment approach,
employing world-class people, and supporting growth in its
portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has
strategic partners that manage hedge funds. KKR’s insurance
subsidiaries offer retirement, life and reinsurance products under
the management of Global Atlantic Financial Group. References to
KKR’s investments may include the activities of its sponsored funds
and insurance subsidiaries. For additional information about KKR
& Co. Inc. (NYSE: KKR), please visit KKR’s website at
www.kkr.com and on Twitter @KKR_Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20230711298450/en/
FGS Global Alastair Elwen / Sophia Johnston Telephone: +44 20
7251 3801 Email: KKR-Lon@FGSGlobal.com
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