top of page

January 2023: Healthcare M&A Snapshot



View our snapshot of the key deals (M&A, private equity and venture capital) across the UK healthcare sector in January 2023.


A PDF copy of the report can be downloaded here:



Notable sector deals: January 2023


PAM Group’s acquisition of MedProtect


  • An interesting deal for PAM Group, with the acquisition of mobile health screening services provider MedProtect

  • PAM Group, which took on investment from LDC in 2021, is one of the UK’s largest occupational health providers, employing over 700 people

  • The business has undertaken various acquisitions in recent years to diversify its service offering, including Concept Northern and 66Fit

  • We expect to see further deals across the occupational health sector in 2023, with consolidators such as Marlowe and PAM Group remaining active, whilst we also anticipate operators from adjacent sectors entering the market through acquisition


Acquisition of ProDental CPD by Agilio Software


  • Another successful deal for Agilio Software, the compliance software provider for dental and private health operators, as it continues to undertake an aggressive buy & build strategy

  • ProDental CPD offers a clinical learning platform which is complementary to Agilio’s existing product, iLearn, and will enhance the business’ presence in this area

  • Agilio has undertaken numerous acquisitions since August Equity’s initial investment in 2019, broadening the end markets served and the functionality of its software


DNV’s acquisition of MBI Healthcare Technologies


  • Another deal highlighting the attractiveness of software, technology and data services which support the NHS in addressing the elective care backlog

  • Through the use of AI-backed technology, MBI Healthcare Technologies supplies healthcare providers with an accurate view of patient waiting lists, preventing inefficiencies caused by incorrect data

  • The acquisition by DNV, the quality assurance and risk management provider, aims to scale MBI’s solutions in the UK as well as targeting international growth

  • We expect to see significant further M&A activity across this area of the market in 2023, as digital transformation of the NHS is fast-tracked


New Foscote Hospital commences buy & build strategy


  • The first deal for The New Foscote Hospital as part of a new buy & build strategy, with the acquisition of the Royal Buckinghamshire Hospital (RBH)

  • RBH, based in Aylesbury, is a centre of excellence for spinal and neuro rehabilitation, treating patients from across the globe

  • The New Foscote aims to recognise synergies between RBH and its existing operations in Banbury and London, in addition to making significant investment into the infrastructure, staffing and services

  • The deal is the start of the clinician-owned group’s ambitious plans to acquire private healthcare facilities across the UK


Healthcare market activity: January 2023


Private equity activity

Sub-sector

Target

Acquirer / Investor

Exiting PE

Dental

St Michael's Dental Practice & Orthodontics

Portman Dental (Core Equity)

N/A

Medical Products

Therapy Equipment

ESAB Corporation

OVM

Occupational Health

MedProtect

PAM Group

(LDC)

N/A

Software

Oomph

Person Centred Software

(Cow Corner)

N/A

Software

ProDental CPD

Agilio Software

(August)

N/A


Venture capital activity

Target

Description

Lead Investor

Investment

CareLineLive

Home care management system

Oakglen

£3m

Inflow

Platform to manage ADHD using CBT techniques

Octopus Ventures

$11m

IQ Endoscopes

Single use endoscopy device

BGF

£5.2m

Peppy

Digital health app supporting menopause, fertility and men's/women's health

Albion VC

$45m


Comments


bottom of page