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JBR and RSM cooperate in cross-border deal in healthcare sector

January 25, 2022

Dutch company NC Medical has been acquired by its Belgian industry peer Hospidex. JBR and RSM acted as financial M&A advisors during the transaction.

With the acquisition of the Zoetermeer company, Hospidex expands its presence in the Dutch healthcare services market. The company is specialized in the import, distribution and commercialization of medical equipment and is mainly active in Belgium, France, Germany, Austria and Switzerland. Last year, Hospidex realized sales of over €33 million with 45 employees.

Hospidex products are focused on home health and well-being, measuring vital body parameters, preventing bedsores and safely disposing of medical waste. In addition, the Belgian company has been the exclusive distributor of Vernacare products in Belgium and France since 2020.

"With Hospidex, we are introducing innovative healthcare solutions that solve everyday problems for patients and healthcare staff and improve the quality of care. NC Medical fully fits into this philosophy," said Hospidex CEO Hendrik Seghers.

NC Medical supplies disposable bedpans and disinfectants to healthcare facilities, among other things. The company is also active in the coronas segment. For example, it supplies syringes and needles for booster vaccinations against the coronavirus.

"With the acquisition of NC Medical, hospitals and healthcare facilities within our portfolio will now also be able to call on NC Medical's long-standing expertise and products to take further steps in their infection prevention policies," Seghers said.

JBR and RSM cooperate in cross-border deal in healthcare sector

Deal Advisors

During the deal, Hospidex and its majority shareholder Smile Invest received advice from RSM, which took care of both the financial due diligence and the tax advice. The deal team consisted of Marcel Vlaar, Steef van Kuijen and Maxime Moxon (due diligence) and Marco Jansze, Yvette Gorter, Sterre Strik and Frida Jonkers (tax advice). Lawyers of CORP. (Diederik Baas, Jim Koster) provided the legal M&A advice.

NC Medical (approximately 15 employees and a turnover of around €3 million) was assisted during the transaction byJBR (deal team: Caspar van der Geest, Thomas van Amerongen and Gustian van der Linde). Cindy Hoogteijling of law firm Wijn&Stael provided the legal support.

NC Medical's Managing Director Mike van Schie will remain on board at Hospidex and will lead the combined company's Dutch operations.

Smile Invest, an investment company owned by Flemish entrepreneur Urbain Vandeurzen, has invested in a series of Belgian and Dutch growth companies in recent years, such as photonics company Effect Photonics and mold manufacturer IGS.

JBR and RSM guide cross-border deal in healthcare sector 1
dealteam JBR: Caspar van der Geest, Thomas van Amerongen and Gustian van der Linde