Advanced Medical Solutions confirms bid approach from TA Associates
Advanced Medical Solutions Group PLC on Monday confirmed it is in talks regarding a possible offer for the company, little more than 12 months after another potential suitor failed to secure a deal with the firm.
In response, shares in the Cheshire, England-based surgical dressings company jumped 14% to 259.17 pence each in London on Monday morning for a market value of £567.7 million.
On Saturday, Sky News reported that Boston, Massachusetts-based private equity firm, TA Associates (UK) LLP, was preparing an offer for AMS worth around 280 pence per share, or £600 million in total.
On Monday, AMS confirmed the talks with TA Associates, but stressed there can be no certainty that a firm offer will be made, nor as to the terms on which it might be made.
TA Associates is required to announce a firm intention to make an offer or that it does not intend to make an offer by May 16.
In March 2025, AMS was the subject of bid interest from London-based mid-market private equity firm Montagu Private Equity LLP, although no formal offer materialised.
Last month, the company said pretax profit leapt 81% to £17.8 million in 2025 from £9.8 million the year prior.
Revenue grew 29% to £228.9 million from £177.5 million, and AMS proposed an increased final dividend of 2.01p per share, up from 1.83p a year ago, bringing the total dividend to 2.86p per share, up 10% from 2.60p.
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