View our summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in September 2024 below.
Notable Sector Deals: September 2024
Acquisition of The Fresh by Agilio Software
Another bolt-on deal for Five Arrows-backed Agilio Software, with the addition of dental digital marketing firm The Fresh
Based in Manchester, The Fresh is a full-service growth agency specialising in the dental sector, with its own dental CRM system, Leadflo
The addition complements Agilio’s previous acquisitions, such as iatro, while also broadening its offering for dental practices and enhancing its position within the patient engagement space
This acquisition highlights Agilio’s ambitious growth plans following investment from Five Arrows, with further deals expected going forward
Optegra‘s acquisition of Custom Vision Clinic
A strategic acquisition for Mid Europa-backed Optegra, with the addition of private eye clinic Custom Vision Clinic
Custom Vision Clinic, based in Yorkshire, is a premium, boutique-style private eye clinic, focused on laser eye surgery and lens replacement
This addition grows Optegra’s portfolio of specialist ophthalmic services to 25 UK hospitals and clinics, forming part of a broader growth strategy which has included the recent launch of 11 new NHS clinics and 6 diagnostic clinics
The deal demonstrates ongoing acquirer and investor interest in the ophthalmology sector, following recent deals for private pay-focused providers such as Optimax and Sapphire Eye Care
Panoramic’s investment in Millercare
A successful investment from Panoramic, backing the management buy-out of mobility product supplier Millercare
Millercare is the leading mobility aids company in North West England, providing a range of mobility products and associated services to the NHS and direct to consumers
Headquartered in Lancashire, Millercare has 14 showrooms across the North West of England and a growing online presence
The deal highlights continued private equity interest in the UK mobility sector, following the recent investment into Eden Mobility by Foresight, in addition to larger private equity deals for Prism, AJM and Kingswood
Acquisition of UKAT by Sullivan Street Partners
An interesting deal for private equity firm Sullivan Street which has acquired residential addiction treatment provider UKAT
Headquartered in Hertfordshire, UKAT offers addiction treatment and rehabilitation services for substance abuse, alcoholism and wider behavioural and mental health conditions
UKAT currently has eight facilities throughout the UK, with over 200 CQC regulated rehab and detox beds
The deal will see expansion to UKAT’s facilities and service offerings to further support patients in an underserved market
Healthcare Market Activity: September 2024
Private Equity Activity
Sub-sector | Target | Acquirer / Investor | Exiting PE |
Clinical Services | Custom Vision Clinic | Optegra Eye Clinic (MidEuropa) | N/A |
Digital Health | The Fresh | Agilio (Five Arrows) | N/A |
Medical Equipment | Hugo Technology | Asker Healthcare (Nalka) | N/A |
Medical Equipment | Millercare | Panoramic | N/A |
Medical Equipment | Severn Healthcare Technologies | GBUK (A&M Capital) | N/A |
Specialist Care | UKAT | Sullivan Street Partners | N/A |
Training | Miad Healthcare | TTC Group (Pricoa) | N/A |
Venture Capital Activity
Target | Description | Lead Investor | Investment |
Doccla | Virtual ward provider | Lakestar | £35m |
Jones AV | Operating theatre technology | River Capital | N/D |
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