Gordon Dadds has advised on the international acquisition of Sulis Healthcare Products Ltd (“Sulis”) by Edan Technology, a subsidiary of Shenzhen stock exchange listed company Edan Instruments, Inc. (“EDAN”).
EDAN is a healthcare company with over 80 types of medical equipment products across various fields including Obstetrics & Gynaecology, Diagnostic, Ultrasonic imaging etc.
The acquisition is a strategic move for EDAN which previously sold products to the UK market through Sulis. Sulis also acted as a third-party distributor with a focus on distribution to NHS Trusts on behalf of EDAN.
The acquisition will see Sulis change its name to Edan Medical (UK) in keeping with the wider EDAN brand.
Commenting on the acquisition, Alon Domb said: “we are pleased to have advised EDAN on the successful acquisition of Sulis Healthcare Products Ltd in a deal which will make a positive impact on the speed of their manufacturing output to market supply chain and the growth of the company.”