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Kapitex Healthcare Ltd looks to expand thanks to Santander support
Santander has recently supported the refinancing of Kapitex Healthcare Ltd, one of the UK’s leading providers of medical devices for airway management, by providing senior debt facilities of £4 million.
Kapitex was founded in the 1990s. The science-based and clinically orientated company has grown continuously since, developing a range of airway management products for patients who have had laryngectomy and tracheostomy procedures.
In April 2016, Kapitex was acquired from its founders by one of its key suppliers, TRACOE, and Managing Director Ian Worthington, bringing together many years of experience in the medical device industry. TRACOE is a German based manufacturer and world leader in tracheostomy devices exporting to over 80 countries worldwide.
The acquisition provides clear benefits for both businesses, both in the UK and in international markets, and it will allow Kapitex to accelerate the expansion of its export business and invest in new product lines.
Ian Worthington, MD, Kapitex Healthcare Ltd, said:
In the turbulent economic world we live in, it is a breath of fresh air to work with a proactive and positive bank, keen to support UK growth.
Stephen Harrison, Director, Santander Growth Capital, commented:
We're delighted to be supporting Kapitex Healthcare Ltd and its management team in this next phase of its growth as part of the TRACOE Group. Kapitex and TRACOE are market leaders in their fields and the combination will lead to a wide range of exciting growth opportunities.