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RSM UK has successfully advised Yorkshire-based Kenward Orthopaedic on its sale to Ability Matters Group.
Ability Matter Group is an international healthcare products and services provider, specialising in mobility and accessibility including orthotics, prosthetics and wheelchairs. The group has clinics throughout the UK and Ireland and manufacturing sites in the UK and Netherlands.
Kenward Orthopaedic will become part of Ability Matters Group to support its vision to become a European leader in innovation, manufacturing and supplier of prosthetic and orthotic products.
Simon Kenward, managing director of Kenward Orthopaedic, said: “We are excited to join the Ability Matters family of companies. Their vision as well as clinical services fit in with Kenward mission.
“I will continue to lead Kenward’s operations alongside the existing team in Leeds, ensuring our customers will continue to receive the exceptional service they have come to expect.”
Stephen Murphy, CEO of Ability Matters Group, said: “I am delighted that Kenward Orthopaedic will be joining the Ability Matters Group. I would like to extend a warm welcome to Simon and the entire Kenward team.”
Established in 1993, Kenward Orthopaedic is an orthopaedic footwear company in Leeds, with particular focus on manufacturing products for NHS patients. The company also has expertise in designing and manufacturing stock, modular and bespoke footwear, and has invested significantly in technologies and production methods.
The RSM deal team was led by corporate finance partner Steve Hubbard, with support from corporate finance manager Jonny Bywater, corporate finance associate Joe Holt and RSM’s tax team.
Hubbard said: “We are delighted to have supported Kenward Orthopaedic on this transaction, which has brought together two closely aligned businesses, each with a strong reputation in the healthcare manufacturing market. Simon has developed a very efficient and customer focused business which I am sure will continue to thrive.”
