HNH Advises Orthoderm in Sale to Affidea Group

Orthoderm Ltd, a private healthcare clinic based in Hillsborough Co. Down, has been sold to the Affidea Group.

Founded in 2007, Orthoderm is a leading provider of clinical and medical services across a range of 17 specialties across dermatology, cardiology, plastic surgery as well as pain management and GP services.  Orthoderm was founded and owned by Michael and Elizabeth Eames. They will remain as Directors of the business.

Affidea Group, is a leading European provider of diagnostic imaging, outpatient and cancer care services. With this acquisition, Affidea builds further on its strategic vision to broaden its business model and add new outpatient care services that can complement its portfolio in patient centric care delivery.

HNH acted as Lead Corporate Finance and Tax Advisor for Orthoderm. HNH Managing Director Craig Holmes commented “HNH were delighted to act for the Company on this transaction. This acquisition continues Affidea’s investment into the NI healthcare market following their previous acquisition of Northern MRI in Belfast, where HNH also acted as Lead Advisor.”

“Attracting further international investment to acquire a NI-based Company, indicates confidence in our local private sector and talent pool. This is a significant development for the local healthcare market.”

A&L Goodbody in Belfast, led by Peter Stafford, acted as legal advisors to the Company. Affidea were advised by Flynn O’Driscoll in Dublin.

Commenting on the acquisition, Michael and Elizabeth Eames, co-directors of Orthoderm, said “We are delighted to be joining the Affidea Group. Orthoderm prides itself in providing a high standard of timely and efficient patient care in Northern Ireland across a wide range of medical and surgical specialties. Our team is highly motivated and we look forward to the opportunity to work with Affidea to expand the range of services that we offer to our patients.”

Barry Downes, Country Manager Ireland for Affidea commented: “Adding Orthoderm to our network will result in best-in-class access to a wide range of medical services which will enable us to serve our patients, doctors and health systems across Ireland on a much more integrated level.”

“Liz and Michael  bring with them a wealth of knowledge and know how in the design and delivery of world class health services. The addition of Orthoderm will accelerate our capability to become one of the leading healthcare providers in Ireland.” 

Affidea has a long-term track record in successfully adding and integrating more than 140 centres in the last 5 years, reaching 280 centres across 15 countries in Europe, with over 8,500 professionals serving more than 7 million patients every year.