DMH Stallard has advised Ashtons Hospital Pharmacy Services on a major private equity investment in the business.
Employing 90 staff and with revenues of over £18m (2019), Ashtons Hospital Pharmacy Services in Brighton provides an outsourced service to hospitals and the broader independent healthcare sector.
The investment by private equity investor LDC will drive further organic growth across the business.
Abigail Owen, Corporate Partner at DMH Stallard, led the team advising the sellers of Ashtons; the team also included Kay Miles (corporate), William Walsh (employment), Jonathan Crook (property) and Nitzan Cohen (tax).
Abigail said:
“This investment represents a highly significant milestone for Ashtons and one that will underpin its longer-term strategic growth, including through the development of its software services and medicine supply infrastructure.”
Ashtons’ network of nationwide pharmacists and specialist software ensures clients have access to a fully integrated medicine management solution.
Laurence Sprey, the founder of Ashtons and who was selling, said:
“There is huge potential for Ashtons to extend its loyal client base and services into new markets, supporting even better patient care.
“We appreciate the pragmatic approach that Abigail and the DMH Stallard team adopted throughout our negotiations. Their calm and logical demeanour meant that we were able to keep on track without losing sight of the principle of delivering exceptional service to our clients.”
