View our summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in March 2024 below.
Notable Sector Deals: March 2024
Acquisition of BDT Care Solutions by Pebbles Care
A strategic addition for Pebbles Care, with the acquisition of residential care provider BDT Care Solutions
BDT Care Solutions, based in South Lanarkshire, is a residential childcare provider operating four homes for children and young people, ranging from single occupancy to four-bed residences
Ardenton Capital-backed Pebbles is a leading provider of bespoke residential care and education throughout the UK
The deal will see Pebbles’ offering grow to 51 homes and four independent schools across England and Scotland, with plans to expand further into North-East and North-West England in 2024/5
Midlands Engine Investment Fund investment into Denturly
A successful investment secured for Denturly, with £1.3m funding from Midlands Engine Investment Fund, West Midlands Co-Investment Fund and Haatch Ventures
Denturly is a digital denture care company, headquartered in the West Midlands, with 10 clinics nationwide
The investment will allow Denturly to pursue its grand expansion plans into over 50 locations nationwide in the next two years, while also tripling employee numbers
The deal highlights continuous disruption to the dental market, in this case within dentures, as has been the case with Invisalign in orthodontics
Answer Digital’s acquisition of Interneuron
An interesting deal for digital consultancy Answer Digital, acquiring specialist digital health system firm Interneuron
Interneuron, headquartered in Cambridge, provides healthcare organisations with software to support direct patient care in virtual care, inpatient and outpatient settings
Answer Digital is an employee-owned digital consultancy working across the NHS and private sector, providing data, software and cloud solutions
The deal will see Answer Digital strengthen its healthcare division offering, with its AI toolkit enhancing Interneuron’s product suite, enabling rapid expansion
Acquisition of Compass Recruitment by Cow Corner
Private equity investor Cow Corner has acquired a significant stake in Compass Recruitment Solutions (CRS)
CRS is a recruitment solutions business with 5 brands, focusing on the health, care, life sciences and education sectors
UK-based Cow Corner is a specialist software and services focused private equity investor, which continues to show interest in the health and social care market following its previous investment into Person Centred Software
The investment will enable CRS to accelerate growth and build scale into existing and adjacent markets, as well as investing in digital capabilities and driving UK and international acquisitions
Healthcare Market Activity: March 2024
Private Equity Activity
Sub-sector | Target | Acquirer / Investor | Exiting PE |
Children’s Services | BDT Care Solutions | Pebbles (Ardenton Capital) | N/A |
Medical Equipment | Orca Medical | Hospital Services (Foresight) | N/A |
Pharma | Cenoté Pharma | Aspire Pharma (H.I.G. Capital) | N/A |
Physio | Bodies Under Construction London | Six Physio (BD Capital) | N/A |
Recruitment | Compass Recruitment Solutions | Cow Corner | N/A |
Training | Careskills Academy | The Citation Group (HG Capital) | N/A |
Venture Capital Activity
Target | Description | Lead Investor | Investment |
Anima | Work management platform for medical providers | Molten Ventures | £9.4m |
Denturly | Digital denture care company | Midlands Engine Investment Fund | £1.3m |
Neupulse | Wearable device for managing Tourette's | Eos Advisory | £2.5m |
Phagenesis | Medical device for brain injury side effects | EQT Life Sciences Sectoral | £33.1m |
Presymptom Health | AI for early detection of sepsis | UKI2S | £1.5m |
SENSICA | Developing RNA-based senotherapeutics | Emerging Longevity Ventures | £3.7m |
ThinkSono | AI to improve ultrasound efficiency | Id4 Ventures | £2.1m |
Wellola | Digital patient management company | Elkstone | €2.2m |