CLINICAL SERVICES M&A
M&A advisory services for
clinical services business owners
WHY ECLIPSE?
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The Eclipse team supports clinical services business owners in realising the value they have built through successful company sales or by taking on private equity investment
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We have completed transactions across the sector in areas such as clinical insourcing, physio, ophthalmology, dermatology and audiology, spanning both private and NHS services
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This has helped numerous founders reap the rewards of their hard work through successful exits, providing them with the financial freedom to retire, "de-risk" or plan for whatever comes next
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We are not a high volume firm - this allows us to spend more time producing higher quality, tailored marketing materials and provide a greater level of support throughout the sale process
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Our experience advising on varied and complex deals of up to £100m gives us significant expertise in running smooth and efficient processes, ensuring that value is protected through to completion of the transaction
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Our fees are transparent and directly linked to the valuation achieved
OVERVIEW
The UK clinical services sector is undergoing rapid consolidation. Demand pressures in the NHS and rising private-pay volumes are driving strong appetite from private equity and strategic acquirers.
The most active areas include ophthalmology, diagnostic imaging, physiotherapy, insourcing and elective recovery, fertility, dermatology, audiology and oncology outpatients. Buyers are seeking scalable providers with strong governance, repeatable contracts and reduced reliance on founding clinicians.
Our specialist focus covers:
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NHS clinical insourcing & outsourcing
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Oncology
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Dermatology
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Diagnostic imaging
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Endoscopy & GI services
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Fertility & IVF
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Aesthetics
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Cosmetic surgery
If you are considering selling your clinical services business or seeking private equity investment, the Eclipse team can help you maximise value while ensuring a smooth and confidential process.
As chartered accountants with significant investment banking experience, we differentiate ourselves from generalist advisors by providing a hands-on, end-to-end approach - from preparation and valuation through to negotiation and completion.
Our latest insights into M&A in the clinical services sector can be found below.
VALUATION
Valuations in clinical services vary by specialty, scale and reliance on the founding clinicians:
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A single-site physiotherapy clinic may trade at 3–4x EBITDA, often with earn-out.
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Regional ophthalmology or diagnostic groups with £500k–£1m EBITDA may command 5–6x, with partial deferred consideration.
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Multi-site groups with £2m+ EBITDA and surgical capacity can achieve 7–8x EBITDA and beyond, typically with higher day-one cash.
View our sector specific valuation guides below:
INSIGHTS
