Medstrom announces acquisition of controlling stake in MMO International
Medstrom is delighted to announce the successful acquisition of a controlling stake in the innovative French hospital bed and medical furniture manufacturer, MMO International. This deal now makes Medstrom the UK’s only independent hospital bed manufacturer.
Medstrom has acted as the Brittany-based company’s UK distributor since 2014, playing a pivotal role in growing the manufacturer’s product portfolio, which is based around a single platform concept. The MMO range of specialist beds help healthcare providers address major challenges such as reducing inpatient falls, assisting early mobilisation, increasing nursing efficiency and helping to prevent infection.
Medstrom’s Chief Executive David Belli believes that the shared vision of delivering innovation and excellence to healthcare organisations will stand both businesses in good stead for accelerated growth and enhanced service.
“The acquisition of the majority stake in MMO represents a significant milestone for Medstrom and makes us the UK’s only remaining independent hospital bed manufacturer, meaning that we can offer NHS and private sector customers greater choice, service and flexibility compared with competitors controlled by larger, multi-national corporations.
The acquisition is very positive for both companies, with the Medstrom group now having a wide expertise in product development, manufacturing, sales, service and equipment rental. When you add in our growing Italian operation, 2017 will see the group operating directly in four countries, including Ireland, generating annual revenues of over £35 million and employing around 280 people. The collaboration opportunities with MMO will add significant value to both companies and, ultimately, improve the operational efficiency and delivery of patient care for the many healthcare providers we serve. The investment will also strengthen MMO’s business infrastructure and support the company’s growth strategy in both the French and International markets.”
The innovative range of MMO beds recently introduced into the UK market include ultra-low community, mental health, bariatric and acute beds plus the revolutionary MMO 6000, which allows supported exit from the foot of the bed. MMO also manufactures the AeroSpacer range of mattresses on behalf of Medstrom.