BGF injects £6m into Medicina

The investment will be used to support new product development and expand the company in the UK and overseas markets.

BGF was introduced to the company by BTG Corporate Finance.

Company
Medicina produces enteral feeding devices such as syringes, tubes and pumps, which are used to provide nutrition to a patient, both in hospital and at home. Clients include the NHS and homecare companies.

Bolton-based Medicina was established by current CEO Ken Harrison in 1992.

People
As part of the deal, Galvin Mould has joined the company as non-executive chairman.

Neil Inskip is an investment manager at BGF and Andy Gregory is regional director for BGF's northern team.

Advisers
Equity - Baker Tilly (Financial due diligence); Squire Sanders (Legal).
Company - BTG Corporate Finance (Financial due diligence); Taylors (Legal).

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• Topics
• UK / Ireland
• Expansion
• Healthcare
• BGF (Business Growth Fund)
• United Kingdom