PM+M’s tax team has successfully advised on the sale of Select Medical Ltd and Select Medical Holdings Ltd to Herida Healthcare Ltd.
Blackburn based Select Medical manufacture, supply, clean and repair a wide range of pressure relieving mattresses and cushions from their North West site.
Herida Healthcare, the buyer, is a Leeds-based manufacturing company, providing mattresses, cushions and various accessories to help treat and prevent pressure injuries.
PM+M acted on behalf of Select Medical owners, Ray and Emma Booth.
Jane Parry, Jonathan Cunningham and Mark Richmond, of PM+M’s tax team, provided tax and accounting advice and support on key elements of the transaction.
PM+M’s managing partner and head of tax, Jane Parry, said: “We were delighted to help the directors of Select Medical in realising the rewards of their hard work in building such an excellent business over the years. To deliver this deal in such a challenging period is testament to everyone who worked on it. We wish Ray and Emma and all the Select Medical team the best for the future of the business with Herida Healthcare as its new and supportive owner.”
Ray Booth said of the sale: “Over 20 years, we’ve built an excellent business here at Select Medical, it is a proud moment and we wish everyone every success for the future.”