H&R Healthcare is a UK distributor of medical devices produced by leading international manufacturers.
The company specialises in products focused on infection control and wound care as well as compression hosiery.
Mike Hoskins, H&R Managing Director, said: “We are absolutely delighted with the acquisition, which is strategically important for us as it enables us to develop our own brand business for the first time since we established the company eight years ago.
“CUI have an excellent reputation upon which we believe we can build and we are looking forward to further develop the business through the existing CUI team and the H&R team.”
CUI employs eight people in St John Street, off Burleys Way, Leicester. It has another four sales staff, who work remotely.
H&R Healthcare was established in 2006, and has become one of the UK’s fastest growing medical sales and marketing distribution companies. It now employs 38 people and are based near Hull. They work with established global companies including Smith & Nephew (Europe’s largest medical devices company) and Covidien (now part of Medtronic, the world’s premier medical technology and services company), as well as much smaller organisations. They all have one thing in common: they produce technically outstanding products that meet real patients’ needs, and offer excellent value to the NHS.
Mr Hoskins adds “The acquisition of CUI allows H&R Healthcare to expand its business into the related markets of Ostomy and Hernia care through its medical textile expertise. CUI is seen as forming the new core of H&R Healthcare, and we intend to grow it even more rapidly by increasing sales in existing markets but also through higher levels of export (currently less than 10% of sales). We also intend to use the textile expertise within the company to grow into related markets where high quality medical textiles are used, and we are already looking at how we can best do this. The business will continue to be based in Leicester and we expect to grow the number of employees in line with business growth”.