Le 12 décembre à 17h35

Bastide Group has announced that it has signed an agreement for the acquisition of the entire share capital of Baywater Healthcare, previously owned by European investment fund Duke Street.

Baywater Healthcare is a leader in the UK home oxygen therapy market, where it is the only independent company alongside three major gas group subsidiaries. The United Kingdom is a highly structured market organized into 11 regions. For each region, the National Health Service (NHS) gives one operator exclusive rights for five-to-seven years, provided performance and quality criteria are met.

At present, Baywater Healthcare successfully operates three of the largest regions, with its exclusivity rights due for renewal in 2019. The company currently provides support to 26,000 patients, representing a market share of close to 25%.

Baywater Healthcare employs 230 people and reported revenue of around €27 million in 2017 at current exchange rates. Its recurring operating profitability is today higher than that of Bastide Group.

The acquisition is subject to the approval of the NHS, which is expected to make its decision in early 2018. It will be paid in cash with an initial price based on the net value of operating assets (equipment) and significant additional payments in the event the exclusivity rights are renewed. The current management team will continue to oversee the company's development.

With this strategic transaction, Bastide Group will secure a position in a growing market and increase its portfolio of oxygen therapy patients by more than 50% to 75,000, spread between France and the United Kingdom. The Group will also significantly exceed the €300 million mark for full-year revenue, thereby confirming its change in scale and its strong expansion into high value-added services.


Bastide Group contacts

Vincent Bastide/Olivier Jourdanney – +33 (0)4 66 38 68 08



Actus Finance contacts

Guillaume Le Floch – +33 (0)1 53 67 36 70 – Analysts & Investors

Nicolas Bouchez – +33 (0)1 53 67 36 74 – Media Relations



Reuters BATD.PA – Bloomberg BLC: FP – ISIN FR0000035370 – No. shares 7,340,580

Regulated information
News releases under ongoing reporting obligations:
- General Company News
Full and original press release in PDF:
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free
Cette information ne provient pas de Daily-bourse. Elle est communiquée à titre indicatif et ne doit pas être considérée comme des conseils ou des recommandations. Daily-bourse ne saurait en aucun cas être tenue pour responsable de l'utilisation faite de cette information par les clients et prospects, et des conséquences financières, fiscales ou autres résultant des décisions financières prises par ses clients, notamment sur la base de cette information. Daily-bourse s'efforce de choisir des sources d'information dignes de confiance, qui s'efforcent d'assurer l'exactitude et la mise à jour des informations. Mais ni Daily-bourse, ni les sources externes d'information, ne peuvent en garantir en aucune façon l'absence d'erreur, l'exhaustivité, la qualité, la disponibilité, ou l'opportunité. Ces informations peuvent être protégées par le droit d'auteur. Il peut y avoir des restrictions ou interdictions de modifier, publier, rediffuser ou reproduire ces informations. Elles ne peuvent être utilisées qu'à des fins personnelles, à l'exclusion de toute utilisation commerciale.