NPM Capital acquires healthcare aid supplier EmCart

NPM Capital and healthcare aid supplier EmCart have signed an agreement for the full acquisition of EmCart by NPM Capital. EmCart is a relatively young and fast-growing company that offers a wide range of healthcare aids that promote independence and quality of daily life for seniors and disabled people. The company operates its own (home care) stores and distribution centres. It also has a partner network with nationwide coverage in the Netherlands in which certified (home) healthcare organisations participate. The Group’s head office is located in Avenhorn.

NPM Capital is already active in the healthcare aid market through its 100% stake in Harting-Bank. Both companies will be placed under the management of one holding board of directors following the acquisition. This will create the largest player in the Dutch market for healthcare aids with a total of approximately 1,100 employees.
EmCart and Harting-Bank will continue to operate under their own names and through their own distribution channels in their specific markets. The two companies are also highly complementary geographically. While Harting-Bank is strong in markets including the market for hospital healthcare institutions, EmCart focuses primarily on consumers and addresses the freedom of choice legal providers increasingly offer. EmCart works in close co-operation with (home) healthcare institutions and gives them the opportunity to outsource their non-core activities in the field of healthcare aids to EmCart.

Loek Blom, General Managing Director of EmCart and member of the future holding board of directors, says: ‘The acquisition provides us with excellent opportunities for jointly developing new products and concepts. This will enable us to focus more effectively on the changing needs of a society in which people are living longer and, despite physical limitations, want to continue to live as independently as possible and enjoy a good quality of life for as long as possible.’

Johan Terpstra, Investment Director at NPM Capital, states that this acquisition fits in well with the venture capital company’s policy. ‘We are delighted that we can contribute to enabling two companies that have excellent reputations in the Dutch healthcare sector to join forces. This provides the companies with a strong basis for developing products and services that positively contribute to the quality of everyday life for the people who use them. The companies also have a strong focus on maintaining the current and long-term affordability of the products and services for the providing institutions.’

The acquisition will not affect employment because it has been motivated by the ability to utilise growth opportunities more effectively and because EmCart and Harting-Bank will continue to operate under their own names. Following completion of the standard formal procedures, both companies expect to be able to definitively finalise the acquisition within a few weeks. No further comments will be made regarding the financial details.