SIR Brian Souter’s family investment office has offloaded its majority stake in Baywater Healthcare UK for an undisclosed sum.
It has sold the interest in Baywater, which delivers treatments such as sleep apnoea therapy to patients in the home, to Bastide Group, a medical equipment specialist based in France.
Souter Investments had backed the acquisition of Baywater when it was bought out of Air Products’ Homecare operations in the UK and Ireland in November 2013.
John Berthinussen, investment director at Souter Investments, said: “Baywater is well positioned to look to the future and enter its next stage of development”.
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