Acquisition of Oxford Group
12th December 2013
K Care Healthcare Equipment and The Oxford Group are pleased to announce that they have today exchanged contracts that will result in a merger of the two businesses.
K Care Healthcare Equipment is a wholly Australian owned business that manufactures and distributes Hospital, Residential Aged Care and Community Care equipment for the Australian
and international markets. K Care is backed by Anacacia Capital, a leading private equity firm with a solid track record of facilitating robust and controlled growth in their portfolio
The Oxford Group, comprising OxfordEME, EasyVet and Emolior Industries, is one of Australia’s leading healthcare and veterinary equipment manufacturers and providers -specialising in medication management solutions, point of care products and a wide range of traditional medical and veterinary furniture.
The acquisition allows both companies to enhance their national presence and take advantage of manufacturing and distribution facilities on the East and West coasts. This also opens up significant growth opportunities offering an enviable portfolio of products, to new and existing customers.
“The K Care team is very excited to bring the Oxford Group into our business. We believe this is a great result for our customers in the aged care, hospital and vet markets as our product ranges complement each other well and together we can bring expanded capabilities to the market. We are really looking forward to working with the Oxford team,” said Mr Alan Lipman, Managing Director of K Care.
Mr Grant Clark, Managing Director of the Oxford Group will continue in his current position, leading the Oxford team in continuing to support its customers. He also becomes a shareholder in the overall group and has been appointed to the Board of Directors of K Care.
“When the Directors of the Oxford Group first entered the health and veterinary markets, we were committed to reinforcing and building on OxfordEME’s seventy-year reputation for quality local products. We have worked hard to expand our market share and have successfully grown the company into an industry leader. We are excited to be joining forces with K Care and we are looking forward to taking full advantage of the opportunities presented by shared portfolios and resources. We believe our combined expertise and common vision will result in even better service for our customers,” Mr Clark said.
Together, and with their key stakeholders, K Care and the Oxford Group will continue to provide innovative quality healthcare equipment to consumers in the acute care, aged care, community care and veterinary sectors.
K Care Healthcare Equipment, a wholly Australian owned business, is the largest Australian manufacturer of assistive technology products for hospital, residential aged care and community care for the domestic and international markets.
K Care consists of five brands: Kerry Equipment (hospital equipment); K Care (aged, rehabilitation and community care); Air Comfort (pressure management seating); My Comfort (aged care beds); and My Mobility (aged care and rehabilitation mobility products). The K Care brands are supported by a direct sales and support team and selected dealers throughout Australia, New Zealand, United Kingdom, Europe, Singapore, Hong Kong, and the United Arab Emirates.
OxfordEME is one of Australia’s leading healthcare equipment providers. Specialising in medication management solutions, point of care products and a wide range of traditional furniture. OxfordEME services hospitals, medical centres, nursing homes and other health care facilities in the Australasian market. The company produces and distributes over 300 products, off-the-shelf or to a customer’s specific requirements. The product range includes medication management technology, point of care carts, general purpose and department-specific carts, operating room equipment, chairs, cots and maternity products, storage and linen solutions, and more. Services include product design and manufacture, prescription manufacturing, international distribution and project management for hospital fit outs.
Anacacia Capital is Australia’s leading private equity firm focused on small-medium enterprises (SMEs) in the mid-market that invest private equity into companies that are managing ownership change, succession and new acquisitions. Anacacia’s investment philosophy is to develop long term relationships with exceptional businesses and people and uphold the highest standards of integrity.