- Strategic acquisition accelerates Affidea’s ambition to become one of the leading healthcare providers on the island of Ireland
- This acquisition will accelerate the development of the Affidea outpatient surgery capacity in Ireland following on from the successful launch last year of their surgery centres in Dublin and Cork
Affidea Group, the leading European provider of diagnostic imaging, outpatient and cancer care services has today announced the acquisition of Orthoderm, a highly regarded outpatient healthcare provider with a reputation for the delivery of innovative and quality care from its clinic located outside Belfast in Northern Ireland. With this acquisition, Affidea is building 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.
Affidea Ireland, which was established in 2007, is part of the European Group, Affidea. The Irish operation has a number of ExpressCare Clinics, which are ‘walk in’ facilities that treat minor injuries and illnesses that don’t require a hospital visit in Dublin, Cork and most recently Naas. The business also operates ten state-of-the-art diagnostic centres and two managed hospital services across the country that provide MRI, CT, Ultrasound, X-Ray and DEXA scan facilities*. Last year they launched a new outpatient surgery service in repsonse to Covid which saw them provide Consultant led plastics, dermatology, pain management and ophthalmology services from their JCI accredited facilities.
The company continues to invest significantly in its irish infrastructure to facilitate rapid access to quality patient centric healthcare catering to both the public and private markets. The company, which employs more than 300 professionals across Ireland, provides medical services to over 200,000 people in Ireland annually.
Barry Downes, CEO of Affidea Ireland, said: “With each acquisition we look for synergies that can add value to our patients, ensuring the continued provision of excellence in medical care. 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.”
“We look forward to working with the Orthoderm team during what is a very innovative period for healthcare to further develop and enhance our patient offering. 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.”
Founded in 2007, Orthoderm prides itself as being a leading provider of clinical and medical services across a wide range of medical and surgical specialties including Dermatology, Plastic surgery and Orthopaedics as well as pain management and GP services. Located on site are two local anaesthetic theatres for day surgeries, making the clinic very attractive for patients, insurers and trusts.
In addition to the aforementioned range of services, Orthoderm provides physiotherapy and rehabilitation services through the Room One Physiotherapy practice. Room One enjoys an enviable reputation in the market as being the preferred provider for the sports community in Northern Ireland. Orthoderm remains on the Health & Social Care Board Select List for various specialties and continues to provide support to the Trusts through various waiting list initiatives.
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.”
Orthoderm is the fourth acquisition made by Affidea in the last three months. Fortius clinic, the renowned UK healthcare provider in sports medicine, was acquired earlier this week, Sveti Rok, a reputed healthcare provider in Zagreb, Croatia, was announced at the beginning of December 2020 while Clinica Gamma, a nuclear medicine operator in Madrid, was announced in January 2021. Affidea has a long-term track record in successfully adding and integrating more than 140 centers in the last 5 years, reaching 280 centers across 15 countries in Europe, with over 8,500 professionals serving more than 7 million patients every year.
Deloitte Northern Ireland assisted Affidea in relation to the acquisition as their Finance and Tax Advisors, while Flynn O’Driscoll acted as Legal Advisor. HNH was the Financial and Tax Advisors for Orthoderm while A&L Goodbody assisted them as Legal advisor.
HNH Managing Director Craig Holmes commented “HNH were delighted to act for Orthoderm on this transaction. This acquisition continues Affidea’s investment into the NI healthcare market following their previous acquisition of Northern MRI in 2015, 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.”