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Vardis Supports Vernacare, TPG Capital & Goldman Sachs

Vardis Proud To Support Vernacare, TPG Capital & Goldman Sachs In Appointing George Kennedy CBE As Chairman

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George Kennedy has served as President of the Association of British Healthcare Industries (ABHI) since 2000, having served as Chairman and Founding Member since 1978. He also served as Chairman of Eschmann in Lancing 1985 to 2014 and of Medical Group, Smiths Industries 1973 to 2000.

 
He bought Eschmann in 1985 from Glaxo. He then sold the profitable disposable arm and kept the loss making capital equipment division. He grew the business through international expansion to £25. He sold it in 2010 to Irish contractor Sisk and again involved in the sales to Steris Corp in 2014.

Kennedy began his career in the healthcare industry in 1968 and has held numerous positions including Non-Executive Chairman of E2V Technologies, Vice Chairman of Spacelabs Healthcare (medical devices), Non-Executive Chairman of Vernalis (Formerly Known as British Biotechnology) and Chairman of Carclo plc (technology-led plastics business.) He has also had roles as Non-Executive Director at Isotron, Consort Medical (Bespak) and Arthur Lee & Sons. He was awarded a CBE in 1997 for services to the healthcare industry and exports.

Vernacare is a leading infection control organisation, whose innovative single-use system and award winning products have made them global leaders in human waste management across the healthcare sector. The Bolton-based medical products innovator and manufacturer has received two prestigious awards for outstanding achievement in export. The company has won both the Medilink North West UKTI Export Achievement Award, and International Company of the Year (£25m to £50m turnover) Award - in the Insider North West International Trade Awards 2014.

They pioneered the single-use system more than 50 years ago which is now used in 94% of UK Hospitals and in over 50 countries, to help reduce the risk of cross-infection and save nursing time, whilst minimising the environmental and cost impact of alternative re-usable systems. Today we produce around 150 million units per year, manufactured to the highest standards using over-issued clean newspaper.

Vernacare was accquired by by Candlewick Asset Management, a joint venture of investment banker Goldman Sachs and private equity house TPG Capital.

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