Connect Health Merges with Healthshare to Form Comprehensive Healthcare Provider

Deal News | Dec 20, 2024 | LDC

Connect Health Merges with Healthshare to Form Comprehensive Healthcare Provider

Connect Health and Healthshare, two leading healthcare providers in the UK, have announced plans to merge, forming a comprehensive provider offering a wide range of healthcare services including musculoskeletal, surgical, and diagnostic services. The merger aims to enhance the service capability for NHS Integrated Care Boards, promoting better patient experiences and value for money. The merger is backed by private equity firms LDC and BGF, both of which have played significant roles in the growth of these companies. LDC originally invested in Connect Health in 2020, aiding its acquisition of Pain Management Solutions, while BGF supported Healthshare from 2019, enabling its expansion into diagnostic services. The leadership team of the newly merged entity will be spearheaded by CEO Mike Turner and will include executives from both companies. This new entity promises to deliver integrated healthcare solutions to NHS partners, leveraging the expertise and geographical reach of both companies.

Sectors

  • Healthcare
  • Private Equity

Geography

  • United Kingdom – Both Connect Health and Healthshare are UK-based companies, and the merger aims to enhance services provided to the NHS Integrated Care Boards in England.

Industry

  • Healthcare – The article discusses the merger of two healthcare providers, Connect Health and Healthshare, focusing on enhancing healthcare services such as musculoskeletal, surgical, and diagnostic services.
  • Private Equity – The merger is supported by the private equity firms LDC and BGF, which are key backers of Connect Health and Healthshare, respectively.

Financials

Participants

NameRoleTypeDescription
Connect HealthMerging CompanyCompanyA specialist healthcare provider in the UK focusing on musculoskeletal services.
HealthshareMerging CompanyCompanyAn independent healthcare provider offering services including diagnostics and surgical operations.
LDCPrivate Equity PartnerCompanyA private equity firm that initially invested in Connect Health in 2020.
BGFPrivate Equity PartnerCompanyA private equity firm that invested in Healthshare in 2019.
Mike TurnerCEOPersonCEO of the newly merged entity of Connect Health and Healthshare.
Nick McGrathChief Strategy OfficerPersonCo-founder of Healthshare, part of the executive team of the merged company.
Neil CookExecutive Team MemberPersonCo-founder of Healthshare and part of the executive team of the merged company.
Andrew WaltonExecutive Team MemberPersonFounder of Connect Health involved in leadership of the merged company.