Benchmark International has advised on the transaction of Irish headquartered O’Flynn Medical and O’Flynn Innovation, to Healthcare 21. O’Flynn will become part of the Healthcare 21 Group, which AddLife acquired in 2021.
Established in 2000, O’Flynn Medical is a leading provider of medical equipment and PPE to Ireland’s care home and domestic markets offering the sale, rental, and associated services and maintenance for a range of specialised products.
O’Flynn Innovation was later established in 2011 for the distribution of automated garment dispensing control systems. Together, the group has become a trusted distributor of medical equipment to the care home and domestic markets.
Established in 2003, Healthcare 21 is an independent medical device distributor offering sales, marketing and technical solutions for many of the world’s leading healthcare equipment manufacturers. The group has an annual revenue exceeding €159 million and more than 450 employees across four European countries.
The acquisition provides Healthcare 21 with the opportunity to expand its portfolio into the rental market segment, to become the leading provider in Ireland. The acquisition also provides entry for Healthcare 21 into the bariatric market segment.
O’Flynn Medical will continue to trade under its existing name and remain headquartered in Macroom, Cork.
Deirdre O’Flynn, MD O’Flynn Medical, said: “We are incredibly excited about the new opportunities, experience, and investment that Healthcare 21 brings to O’Flynn Medical. This move offers a long-term perspective for our employees with a complimentary portfolio of offerings which will ultimately enhance our offering to our customers. In addition, being part of the larger AddLife Group with a wider European presence is an exciting development for our employees, our suppliers and our customers and I have no doubt will bring so many opportunities for us to continue to develop and grow.”
Tara Kearney, CEO of Healthcare 21 Group, commented: “Today is an exciting day for Healthcare 21 and the AddLife Group. O’Flynn Medical are an experienced specialist provider with a complimentary portfolio that will strengthen our offering by extending into the rental market segment. It is a perfect strategic and cultural fit. We are excited to welcome a fellow Cork based healthcare company with a wealth of experience and expertise to the Healthcare 21 Group.”
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