International legal practice Osborne Clarke has advised the management team of Ashtons Hospital Pharmacy Services on a significant investment from mid-market private equity investor LDC. The deal will help the existing management team to drive organic growth, further develop its software services, and expand its pharmaceutical warehousing and distribution infrastructure.
Ashtons provides medicine management solutions to the UK independent healthcare sector and its services include clinical pharmacy support and the supply of medication.
Through its nationwide network of specialist clinical pharmacists and bespoke software technology, Ashtons’ services help clients to comply with healthcare regulations, professional and best practice requirements regarding medicine management.
In the last three years, Ashtons’ revenues have increased by 70 per cent to reach £18.7million in 2019, and the company currently employs 90 staff. LDC’s investment will support the business’ organic growth strategy, as it continues to develop its infrastructure and distribution network, and enhance its technology platform.
Private Equity Partner Tim Hewens led the Osborne Clarke team supported by Senior Associate Seamus McKimm and Associate Lara Flynn.
Osborne Clarke’s Corporate team is considered the go-to practice for many businesses in the life sciences and healthcare sector, working with leading global businesses, fast-growth start-ups and market challengers.
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