top of page

September 2023: Healthcare M&A Snapshot


A summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in September 2023.

View our summary of the key M&A, private equity and venture capital deals across the UK healthcare sector in September 2023 below.



Notable sector deals: September 2023


Acquisition of CarePlanner by Nourish Care


  • A successful acquisition for Livingbridge-backed digital care management provider, Nourish Care

  • CarePlanner is a homecare planning software used by over 2,000 domiciliary care agencies

  • Nourish Care offers a digital social care records system, catering for over 3,500 residential care providers

  • The acquisition will see Nourish Care’s current service offering expand into person-centred community care, providing a full suite of options covering residential and homecare


Acquisition of Nautilus Consulting by Accenture


  • A strategic addition for Accenture, the professional services company specialising in IT and consulting, with the acquisition of London-based digital health specialists, Nautilus Consulting

  • Nautilus Consulting is a digital health consultancy and technology company, specialising in electronic patient record solutions

  • The acquisition will enhance Accenture’s digital transformation capabilities across the UK and global healthcare space

  • The deal highlights the continued interest from investors and acquirers in digital health consultancy, following deals for Redmoor Health and Channel 3 Consulting in recent years


BGF’s investment in Primary Care Physio


  • Leeds-based physiotherapy provider Primary Care Physio has secured an £8.5m investment from BGF

  • Founded in 2020, Primary Care Physio is England’s largest specialist first contact physiotherapy provider, supporting 175 primary care networks and 1,000 GP practices across the country

  • The investment from BGF will enable Primary Care Physio to implement its growth strategy while alleviating pressures on MSK backlogs and GP shortages

  • The physiotherapy and MSK market has seen strong investment activity in recent years, driven by outsourced NHS services, the PMI market and employers' increased focus on MSK conditions


CareLineLive’s acquisition of CareFor IT & Ulysses


  • A significant deal for CareLineLive, with the acquisition of care software providers CareFor IT and Ulysses

  • CareLineLive is a full home care management system, which raised £3m of growth funding from Oakglen earlier this year

  • The acquisition will grow the group’s number of homecare customers to 600, while managing c.15,000 carers across the UK

  • The deal highlights strong interest from acquirers in care management software, alongside the significant national push towards digital solutions across the social care sector


Healthcare market activity: September 2023


Private Equity Activity

Sub-sector

Target

Acquirer / Investor

Exiting PE

Dental

Queensway Group

Dentex

(Core Equity)

N/A

Mental Health

Kooth

BGF

N/A

Pharma Services

GXP Engaged

Kester Capital

N/A

Physio

Primary Care Physio

BGF

N/A

Software

Carefor IT

& Ulysses

CareLineLive

(Oakglen)

N/A

Software

CarePlanner

Nourish Care

(Livingbridge)

N/A

Software

Colourful CPD

Agilio Software

(August)

N/A

Specialist Care

Abbeycare

Optimo Care

(Oxygen EP)

N/A

Venture Capital Activity

Target

Description

Lead Investor

Investment

CellCentric

Clinical stage biotech company

BrightEdge

$3m

Charac

NHS-integrated pharmacy app

National Pharmacy Association

£1.2m

CMR Surgical

Robotic-aided minimal access surgery

Ally Bridge Group

$165m

Kuano

Quantum simulation platform

Mercia

£1.8m

Laverock Therapeutics

Gene editing for human therapeutics

Calculus

£13.5m


Comments

bottom of page