A specialist architecture firm has expanded into new markets after acquiring a London practice.
Medical Architecture specialises designing and planning healthcare buildings, such as hospitals, care centres and integrated care facilities.
The company is based on Collingwood Street, in Newcastle, but has now expanded its reach to the capital after buying London firm TM Architects.
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The deal means that Medical Architecture now has entered the house building market for the first time.
Paul Yeomans, a director at Medical Architecture, says: “Having long-established ourselves as one of the leading practices within our sector, we took the strategic decision to look to broaden the range of services we offer and projects we can undertake.
“We’ve worked with TM Architects in the past and know the practice well, so were certain that it offered both the right fit with our character and the experience and expertise that will support our development plans.
“Bringing the two firms together creates a very strong proposition that we feel will enable us to continue to grow in both new and existing markets over the coming years.
“The support and advice we’ve had from the Hay & Kilner and Robson Laidler teams around completing this deal has been highly professional, and helped make the acquisition process a smooth and manageable one for all parties.”
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Newcastle law firm Hay & Kilner provided Medical Architecture with legal advice, while Robson Laidler provided financial advice.
Mark Adams, corporate partner at Hay & Kilner Law Firm, said: “Medical Architecture has an excellent reputation within its specialist areas of expertise, and this acquisition is an exciting one which will provide it with the resources to expand into other areas as part of its strategic plans.
“We’re very pleased to have been able to help Paul and his team on this particular project and look forward to seeing the expanded practice go from strength to strength.”