Connect Health Merges with Healthshare to Form Comprehensive Healthcare Provider
Deal News | Dec 20, 2024 | LDC
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
| Name | Role | Type | Description |
|---|---|---|---|
| Connect Health | Merging Company | Company | A specialist healthcare provider in the UK focusing on musculoskeletal services. |
| Healthshare | Merging Company | Company | An independent healthcare provider offering services including diagnostics and surgical operations. |
| LDC | Private Equity Partner | Company | A private equity firm that initially invested in Connect Health in 2020. |
| BGF | Private Equity Partner | Company | A private equity firm that invested in Healthshare in 2019. |
| Mike Turner | CEO | Person | CEO of the newly merged entity of Connect Health and Healthshare. |
| Nick McGrath | Chief Strategy Officer | Person | Co-founder of Healthshare, part of the executive team of the merged company. |
| Neil Cook | Executive Team Member | Person | Co-founder of Healthshare and part of the executive team of the merged company. |
| Andrew Walton | Executive Team Member | Person | Founder of Connect Health involved in leadership of the merged company. |