November 2024: Healthcare M&A Snapshot

View our summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in November 2024 below.

Notable Sector Deals: November 2024

A major investment from Marlin Equity Partners into healthcare software provider Radar Healthcare
Based in Leeds, Radar Healthcare provides personalised and flexible risk, quality and compliance software for health & social care businesses
The move will assist Radar’s strategic growth plans to advance international expansion and accelerate product development
The healthcare software and digital health market has seen sustained investor and acquirer interest in recent months, with a continued focus on digitisation across both the NHS and private providers

Private equity firm CBPE has invested in one of the largest UK providers of clinical homecare services, HealthNet Homecare
HealthNet works in partnership with the NHS and pharma companies to deliver clinical homecare, nursing administration and patient support services
The business serves over 165,000 patients with rare diseases and chronic health conditions, in addition to providing services for IVF patients
With the NHS’ strategic priority of reducing pressures on the hospital setting and bringing care closer to the community, deals of this nature are expected to be prevalent in the coming months as investors seek to capitalise upon the resulting growth opportunities

A second investment into the healthcare sector for Ignite Growth, with the addition of specialist supported living provider Acorns Healthcare
Hampshire-based Acorns Healthcare provides specialist supported living to c.30 adults with autism, severe learning disabilities and complex mental health disorders in their own homes
The acquisition will see Acorns continue to grow in Hampshire and the surrounding counties, with investment in staff and property to find appropriate homes for new service users
The deal highlights continued private equity interest in the specialist care sector, with numerous PE-backed platforms in this segment of the market

A highly complementary deal for Grosvenor, with the addition of homecare business Lifted Care
Lifted Care, the care service arm of Lifted, provides domiciliary, live-in and respite care services for adults
The deal will see Lifted giving increased focus to growing its international care recruitment platform ‘Lifted Talent’, as well as SponsorSwitch, which aids displaced care workers in obtaining employment in the UK
Weight Capital-backed Grosvenor continues to expand its reach within the domiciliary care sector, following the significant acquisition of Esteem Care earlier this year

Sub-sector	Target	Acquirer / Investor	Exiting PE
Homecare	HealthNet Homecare	CBPE	N/A
Homecare	Lifted Care	Grosvenor (Weight Capital)	N/A
Fertility	Bristol Centre for Reproductive Medicine	FutureLife (CVC)	N/A
Medical Equipment	Sumed International	Direct Healthcare (Archimed)	N/A
Medical Equipment	Five Mobility	Winncare (Siparex)	N/A
Pharma Services	Callisto	ProductLife Group (Oakley)	N/A
Physiotherapy	Tops Health	Sano (Solingen)	N/A
Software	L2P Enterprise	Patchwork Health (Perwyn)	N/A
Software	Opticabase	EVEX Group (Flex)	N/A
Software	Radar Healthcare	Marlin Equity	N/A
Specialist Care	Acorns Healthcare	Ignite Growth	N/A
Vet	Reed Veterinary Surgery	Kin Vet (Perwyn)	N/A

Target	Description	Lead Investor	Investment
AMLO Biosciences	Diagnostic test for skin cancer	Northstar	£1.6m
Heim Health	Home healthcare software platform	Heal Capital	£2.2m
iFast	Diagnostics technology for testing bacteria	KHP Ventures	£5m
Little Journey	App for children undergoing paediatric care	Par Equity	£6m
Paloma Health	Healthtech start up for reducing waiting times	Triple Point	£2m
PocDoc	Healthtech test for cardiovascular disease	MMC Ventures	£5m