Baywater Healthcare have today been acquired by Healthcare specialist The Bastide Group. The deal comes four years after a management buyout of the business from Air Products PLC with investment backing from Duke Street.
The Bastide Group operate across Europe providing a broad range of healthcare services in respiratory care, homecare, infusion and nutrition services. The company serve over 300,000 patients employing 1,800 employees. Founded in 1977 by current Chairman Guy Bastide, the business was floated in 1997, with the majority of the company remaining under the family’s ownership.
The Bastide Group are committed to retaining the identity and culture of Baywater Healthcare, recognising the calibre of the management team and the employees. Commenting on the acquisition Bastide Group CEO Vincent Bastide stated “On discovering Baywater Healthcare we were immediately impressed by its expertise and customer satisfaction levels. The company is managed by a great team. We want to help Baywater grow and improve further, together we will work to make our group one of the best home healthcare providers in Europe.”
Baywater Healthcare CEO Adam Sullivan commented “My team are all very enthusiastic about our new relationship with The Bastide Group. Their track record of growth and diversification is very much aligned to our goals. Importantly The Bastide Group have similar values to ourselves, focusing on the patient and their family. I am confident that we will be a significant contributor to the group whilst retaining our own identity with an emphasis on delivering exceptional service across the UK.”
The existing management team will remain with the company and the business will continue to trade under the Baywater Healthcare brand.