WORLD RENOWNED MANIKIN DESIGNER SOLD TO 3B SCIENTIFIC
Lifecast Body Simulation Ltd, the globally renowned leader in the design of medical manikins, has been sold to 3B Scientific.
Lifecast Body Simulation Ltd, the globally renowned leader in the design of medical manikins, has been sold to German-based company 3B Scientific.
Ian Barton, Managing Director of our corporate finance team in London, led the transaction with support from Richard Hill and Tom Egan.
Launched in 2017 and based in Borehamwood, Lifecast has invested heavily into the development of a range of highly accurate and lifelike medical manikins which are transforming the way medical simulation and education are delivered and absorbed.
Designed and produced at Elstree Film Studios in London and in Sarasota, Florida, every manikin demonstrates a remarkable level of realism and quality. Lifecast has been developed using a combination of expertise from paramedics, leading medical experts and the film special effects industry.
Lifecast manikins are anatomically correct, with a range of models reflecting all age groups from pre-term babies through to elderly adults. With different genders, ethnicities and medical conditions, Lifecast manikins represent the world’s diverse population and improve learning outcomes. The manikins are used by medical training institutions globally.
Hamburg-based 3B Scientific, established in 1948, is a global provider of state-of-the-art medical simulators, catering to medical education training providers across all levels with a strong presence in over 120 countries.
The acquisition enables 3B Scientific to secure access to a market-leading and complementary product portfolio and is expected to provide Lifecast with additional resources to further invest in its product range and build on existing sales channels.
Ian Barton said: “It has been a real pleasure working with the Lifecast team to achieve this sale to 3B Scientific.
“Lifecast has created an exceptional product range and recognition must be given to the team for this innovation, combining extraordinary creativity and craftsmanship with leading medical knowledge.
“With 3B Scientific, Lifecast is well placed to take the business forward and create further advancements in the medical simulation industry.
“We are really pleased to have delivered this transaction and look forward to seeing the team’s continued and combined success alongside 3B Scientific in the coming years.”
Lifecast co-founder and director Dave Halliwell said: “Ian and Richard’s advice, support and persistence were essential and generated real value for the shareholders in what has been a complex deal. With many intricacies to navigate, their pragmatic approach to solving challenges as they arise has been extremely valuable and greatly appreciated.
“We would like to thank Ian and the team for their hands-on advice throughout the process, handling a variety of challenges in a robust and supportive manner and would not hesitate to recommend them to prospective clients.”
Todd Murray, CEO of 3B Scientific, added: “We are extremely excited to welcome Lifecast into the 3B Scientific family where, combined with our strength in manufacturing and distribution, we look forward to continuing our now collective mission of advancing the delivery of medical and healthcare education worldwide.”
Our team worked with Adam Dowdney, Tim Cargill and Fiona Kelleher of IBB Law LLP to deliver the transaction.