Medstrom celebrates sale of its entire share capital to an Employee Ownership Trust
The shareholders of hospital bed manufacturer Medstrom have entered into an agreement to sell the entire share capital to an Employee Ownership Trust (EOT).
This is a trust which acquires and holds a controlling interest in a company for the benefit of its employees, giving the effect of employee ownership without directly owning or buying shares.
Medstrom was founded in 2010 to provide hospital equipment, bed management and service delivery to the NHS. Medstrom has developed an exceptional reputation with its customers and more recently has become the only UK owned manufacturer of acute care beds in the UK.
The decision to create this exciting new structure was driven by the desire to sustain the company’s independence and recognition of the fact that Medstrom was built upon the hard work and commitment of its employees and is unlike any other company in the industry.
David Belli, CEO of Medstrom, said “Medstrom is securing the future of the business, including its ethos, values and focus on sustainability, whilst maintaining our unique culture.”
Scott Apsey, Medstrom Managing Director and CIO, added: “It gives us all great pleasure to give something back to our very committed colleagues, as they often go above and beyond their duty to ensure our customers and patients are well looked after.”
Rachel Apsey, Commercial Director adds: “The new ownership structure shall continue to provide stability, continuity, depth of management knowledge and quick decision making for all of our customers for the long term. It is therefore business as usual, continuing to do what we do well – focusing on our customers.”
Medstrom is an independent UK manufacturer of hospital beds and is the second largest provider of ‘Total Bed Management’ services to the NHS, with over 25 per cent of the UK’s acute care beds and surfaces fleet under its management.
