H2 Equity Partners portfolio company Healthcare 21 has acquired Xograph Healthcare and Cardio Solutions

Healthcare 21 (“HC21”) acquired Xograph Healthcare (“Xograph”) in December 2019, which distributes and services specialist X-Ray devices and Cardio Solutions (“CS”) in March 2020, a leading distributor of specialist cardiothoracic products.

The combined HC21 Group now has revenues in excess of €155 million employing c430 FTE with operations focused on the UK and Ireland. The Group has a leading product range in the healthcare market supported by a strong and growing service division.

The acquisition of Xograph and CS has strengthened the core propositions in both the X-Ray and service market as well as adding a specialised cardiothoracic product portfolio and team to the business. These acquisitions are a further step towards achieving the strategic vision for the group to be the clear market leader in healthcare distribution and service across the geographies it operates in.

Xograph, founded in 1967 and based in Stonehouse, is the largest independent medical imaging equipment supplier throughout the UK and Ireland serving NHS and HSE hospitals, private hospitals, clinics and diagnostic centres. It provides innovative medical imaging technology, supported by a nationwide team of highly trained field-based engineers and clinical applications specialists.

Cardio Solutions, founded in 2005, is a specialised supplier of cardiothoracic products throughout the UK and Ireland. The business provides market leading niche products predominately to the specialist cardiothoracic centres.

For further information of Healthcare 21, please visit www.healthcare21.eu. For more information on Xograph please visit www.xograph.com and for Cardio Solutions visit www.cardiosolutions.co.uk

Henry Stevens

Senior Associate

 

Henry joined H2 in 2024 and is involved in both evaluating new investment opportunities and supporting existing portfolio companies.

 

Prior to joining H2, Henry spent nearly six years at the strategy consultancy firm, Roland Berger, where he was a core member of the Transaction & Investor Services platform supporting private equity and strategic investors across the Industrial and Regulated & Infrastructure sectors predominantly within the mid-market.

 

Henry graduated from the University of Cambridge with a Bachelor (Hons) in Economics. His interests outside of work are road cycling where he competes in time trials, running and skiing.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.