Alexander Knight & Co advises client in multinational transaction
We were pleased to advise the directors and shareholders of our client Pace Rehabilitation on its successful sale of the business to a multinational company.
Global health-tech company Ottobock has acquired Pace Rehabilitation, one of the top independent providers of prosthetic and rehabilitation services in the UK which is now part of a unified organisation with nationwide coverage.
Pace Rehabilitation was established in 2003 by a small team of experienced clinicians and has provided an integrated approach to the treatment of people who have sustained limb loss or serious limb injury over the past 20 years.
Operating from clinics situated in Amersham, Bredbury and Glasgow, its teams of clinicians help patients to improve their overall quality of life and enhance their mobility.
Alexander Knight & Co was pleased to advise the management team of Pace before, during and after the transaction with our accountancy and tax services.
Speaking upon the conclusion of the deal, Phil Yates, Managing Director of Otto Bock Healthcare said:
“We are thoroughly delighted to complete the acquisition and excited to welcome Pace Rehabilitation and their successful team to the Ottobock Family. Their endeavour aligns perfectly with Ottobock’s own mission to empower people to regain or maintain their freedom of movement.”
Toby Carlsson, Managing Director of Pace Rehabilitation, said
“We look forward to joining forces with Ottobock and benefiting from the opportunities that come with being part of a strong international organisation. We now join a network of clinics within a company that has a long-standing track record of bringing new and innovative products to the market. It is great news for all our stakeholders, and we are excited for the future.
“We are pleased with the support and guidance we have received from our accountants, Alexander Knight & Co. The team was incredibly proactive throughout the process and played a key role in ensuring this transaction went smoothly.”
Murray Patt of Alexander Knight & Co, said:
“This deal makes perfect sense for both parties strategically. It brings together like-minded organisations with a shared vision of empowering people who have sustained limb loss.
“It is always pleasing to see clients develop and grow their business to the point where they are in a position to join forces with other organisations. We are delighted for both parties with the outcome of this deal.”
Pace Rehabilitation’s team of 40 people consists of consultants, therapists, allied health professionals, technicians, and support staff, who are all now part of the Ottobock Family.
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