Kuits advises Total Physiotherapy on merger with Jamie Bell Physiotherapy16 Sep 2016
Manchester commercial law firm Kuits has advised Oldham-based Total Physiotherapy Group on its merger with Jamie Bell Physiotherapy Limited.
The move comes following the acquisition of the entire share capital in Jamie Bell Physiotherapy by Ribble Bidco Ltd, a holding company that also owns the Total Physiotherapy Group of companies.
The purchase will complement the group’s existing physiotherapy portfolio, which already includes the David Roberts Physiotherapy branded clinics, Advance Physiotherapy Network Ltd, PHIT (UK) Limited, Lasercare Beauty Clinics Limited and the Brookdale Clinic Limited. Total Physiotherapy itself has 15 clinics based across the North West.
Corporate partner Peter Allen led the transaction, supported by corporate solicitor Ryan Brown, while employment solicitor Mark Clayton advised on employment-related provisions relating to the acquisition.
Richard Crook, Chief Executive at Total Physiotherapy Group, said: “As a result of the purchase, the business is now one of the largest independent musculoskeletal rehabilitation providers in the country, operating from over 30 locations.
“This represents an exciting opportunity for us to be able to expand our growing range of treatments and services which, along with the greater geographical spread, gives us a sizeable platform from which to continue our growth strategy.”
Peter Allen commented: “Total Physiotherapy Group has significant experience in the healthcare market and we are delighted to have acted for them in this significant purchase of shares, which will see the company expand its already successful portfolio.
“Kuits has advised businesses across the healthcare sector for many years. Our specialist lawyers understand what is involved in owning and managing companies in this industry and are therefore able to provide tailored legal expertise to support clients in this area.”
Debt funding for the deal was provided by Phil Mason and Carl Collett at Santander Corporate Banking. Hill Dickinson LLP acted as legal advisors for the seller.