View our summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in October 2024 below.
Notable Sector Deals: October 2024
Acquisition of OH Services by Latus Group
A highly complementary deal for Latus Group, with the addition of bespoke medical assessment provider OH Services
Based in Yorkshire and Lincolnshire, OH Services provides occupational health services alongside industry-specific medical assessments for the oil & gas and maritime sectors
Through this addition, Latus will broaden its medical expertise, while also furthering its geographical reach
The deal is the first for Latus following its investment from NorthEdge earlier this year, with further acquisitions expected going forward
Huma‘s acquisition of eConsult
Global healthcare AI business Huma has acquired UK-based digital triage provider eConsult
One of the UK’s largest digital triage providers, eConsult also offers automated consultation platforms across primary and emergency care
The acquisition follows the recent addition of iPlato, and will bring Huma closer to its mission to accelerate the adoption of digital solutions across healthcare
Digital health platforms of this nature continue to be a hotspot of interest for acquirers and investors, as the NHS looks to utilise technology to create efficiencies for an overburdened workforce
Examworks acquisition of Unity Health Group
A successful acquisition of Unity Health Group for medico-legal service provider Examworks
Joined together in 2017, Unity Health Group consists of Pure Physiotherapy, Rehabilitation Direct and MLAS
With its diversified portfolio, Unity Health Group employs over 500 people, supporting healthcare providers and insurers with rehab, pain management and medical-expert admin services
The deal follows the acquisition of Enable Therapy Services by Examworks earlier this year, showing sustained acquirer interest in the rehabilitation market
Acquisition of HD Clinical by Nexus
An interesting deal for German healthcare software corporate, Nexus, with the acquisition of digital clinical solutions provider HD Clinical
With c.140 organisations globally using its solutions, HD Clinical delivers digital clinical solutions with a focus on endoscopy and cardiology provision
HD Clinical has seen significant expansion to its market position in recent months, with its software chosen on an NHS Scotland and HSE Ireland tender
The deal will consolidate Nexus’ position as a leading provider of innovative endoscopy and cardiology diagnostic solutions
This has been followed by an offer from private equity firm TA Associates to take Nexus private at a valuation premium of 44%
Healthcare Market Activity: October 2024
Private Equity Activity
Sub-sector | Target | Acquirer / Investor | Exiting PE |
Consultancy | Signify Research | BGF | N/A |
Digital Health | CIS Oncology | System C (CVC) | N/A |
Elderly Care | New Care | Lovett Care (HIG) | N/A |
Elderly Care | Care UK | Welltower | Bridgepoint |
Healthcare Comms | Helios | Telemos | Northedge |
Medical Equipment | Brandon Medical | Reinsberg Group (BHM Group) | N/A |
Medical Equipment | Joerns Healthcare UK | Prism Healthcare (Charme Capital) | N/A |
Pharma | Canute Pharma | Aspire Pharma (HIG) | N/A |
Physio | Good Health Centre & The Waldegrave Clinic | Kinetico Health (York Street) | N/A |
Specialist Care | Oaklands Support | Swanton Care (Apposite) | N/A |
Venture Capital Activity
Target | Description | Lead Investor | Investment |
Cirdan | Advanced diagnostics software solutions | 57 Stars | £7.5m |
Scalpel | AI surgical tool management | Mercia | £3.8m |
Semble | Practice management software | Mercia | $15m |
Siloton | Eye imaging chip technology | Evenlode Impact | £0.9m |
Univa Health | Digital platform for personalised eating disorder care | YZR Capital | £1m |
Comments