Continuing its 60-year growth journey from a family business into a key player in healthcare distribution across the UK and Ireland, Belfast-headquartered Hospital Services Limited (HSL) has announced its recent significant investment from European Asker Healthcare Group.

A leading specialist distributor and services provider of medical equipment and related supplies, maintenance services and repairs to hospitals across the Republic of Ireland, Northern Ireland and Great Britain, HSL’s reputation for supporting public and private hospitals across the UK and Republic of Ireland has been established over six decades of close partnership with an emphasis on understanding the unique requirements and challenges of customers within public and private hospitals across the UK and Republic of Ireland.

Bolstered by significant investment from Foresight Group between 2015 and 2023 and operating from its Belfast headquarters with offices in Dublin, Meath and Wicklow in Ireland and Derby and Westbury in Great Britain, HSL has seen nearly seven-fold growth since 2015 and five-fold growth of its team from 30 to 175.

HSL provides high-quality equipment to a growing number of customers on both sides of the Irish Sea, with over 500 medical facilities supported in 2024. Its service and maintenance division ensures minimal downtime for key hospital equipment – a vital issue for healthcare providers amid high patient demand. The company’s product and solutions offering includes diagnostic imaging and detection equipment, surgical devices, patient monitoring equipment, and a range of healthcare and communication technologies which support healthcare professionals throughout the patient care pathway.

Commenting on the investment Johan Falk, CEO Asker Healthcare Group added, “With the acquisition of HSL we are taking another step in our ambition to build the leading healthcare group in Europe within medical products and solutions. HSL has an attractive equipment and services offering that will complement our group well and further strengthen our scale benefits. The HSL team and their track record of building strong customer and OEM relationships while also being a local consolidator has truly impressed us. We see HSL as our base for future growth in the region and are looking forward to drive progress in healthcare together with Dominic Walsh and his team.”

HSL CEO Dominic Walsh added, “Over the past 60 years we have established ourselves as a trusted partner to healthcare providers in the Republic of Ireland, Northern Ireland and GB and are now one of the largest privately-owned medical equipment and service providers in the region. Becoming part of Asker Healthcare Group signifies a strategic step which will provide us with an even stronger offer with more innovative solutions to help to improve patient care. We are now ready for the next phase of our growth path.”

Reflecting on their successful partnership and exit from Hospital Serices Limited, James Livingston, Partner at Foresight Group added: “HSL is an excellent example of our unique commitment to investing in, building and growing companies across Great Britain, Northern Ireland and the Republic Ireland. HSL has transformed from a small, family business into one of the largest privately-owned healthcare product distributors, with its team providing important on-going technical and clinical support to hospitals on both sides of the Irish Sea. We wish its dedicated and entrepreneurial team every success under the new ownership and are confident it will continue to thrive.”

On their long-standing and fruitful relationship with Foresight Group Dominic Walsh said, “Over the last decade, Foresight Group has been instrumental in helping Hospital Services to grow quickly in the right way. It has been a great relationship and they have brought so much more to our business than just investment, they have facilitated positive challenge, strategic direction and expertise in ESG.”

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