Ottobock acquires private equity investment
Gatwick Airport to invest in sensory equipment Gatwick Airport is investing in two new sensory rooms for each terminal, assisting those with sensory processing difficulties. The sensory rooms are to be dedicated spaces designed to block out noise, control space, temperature and lighting to stimulate the senses. Maria Cook, Gatwick’s Autism Ambassador said: “These new facilities will improve the airport experience for those needing to use them. They are a necessity, not a luxury.” This comes following the airport being the first the world to purchase the new Eagle Hoist 4, a passenger lifting facility providing safer wheelchair transfers to aircraft seats.
Partnership to drive rental business Frontier Medical Group has partnered with Drive DeVilbiss to launch its new UK Toto rental business, aimed at giving clinicians and patients easier access to the Automated Patient Turning platform. Providing Frontier with national coverage, the partnership will take advantage of Drive DeVilbiss’ logistical and technical capabilities, with the company collecting and decontaminating each rented Toto. A key product in Frontier’s Pressure Ulcer Prevention portfolio, the Toto platform is placed under any existing mattress on any type of bed and gently move patients at regular intervals. 62 www.thiis.co.uk
Ottobock Healthcare has confirmed that private equity firm EQT will acquire a 20% stake in the company and has valued the organisation at EUR 3.15 billion. EQT will be the first shareholder outside the family in Ottobock’s 98-year history, with 80% remaining in the hands of the Otto Bock Holding GmbH & Co. KG wholly owned by the Näder family. EQT will also now have a representative on Ottobock’s newly-formed 10-member Supervisory Board, with speculation that the company will make a stock market listing following the investment as soon as 2018/2019.
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