Optima Health acquires BHSF Occupational Health for £1.4m
Deal News | Jan 16, 2025 | Business Cloud
Optima Health plc, a publicly-listed provider of occupational health and wellbeing services, has acquired BHSF Occupational Health for £1.4 million. This strategic acquisition adds £8 million in revenue and 60 occupational health clinicians to Optima's operations. Known for preventing work-related injuries and promoting workplace safety, BHSF reported a £3 million gross profit but faced a £400,000 loss before tax in the previous year. The acquisition aligns with Optima’s growth strategy and is anticipated to be earnings accretive by the first full year of ownership. Jonathan Thomas, CEO of Optima, stated that this move not only broadens their clinical capabilities but also enhances their capacity to deliver tailored health solutions. The deal, expected to close by January 2025, follows a strategic decision by BHSF to sell the business to a company sharing its values and commitment to excellence.
Sectors
- Healthcare
- Mergers and Acquisitions
Geography
- United Kingdom – Both Optima Health and BHSF are based in the UK, and the transaction is reported to the London Stock Exchange.
Industry
- Healthcare – This industry involves firms like Optima Health and BHSF that provide medical and occupational health services.
- Mergers and Acquisitions – The article details an acquisition transaction between Optima Health and BHSF Occupational Health.
Financials
- £1.4 million – The purchase price paid by Optima Health to acquire BHSF Occupational Health.
- £8 million – The revenue added to Optima Health's operations from the acquisition of BHSF.
- £3 million – The gross profit reported by BHSF in the last 12 months prior to the acquisition.
- -£400,000 – The loss before tax reported by BHSF in the previous year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Optima Health plc | Buyer | Company | A public company providing occupational health and wellbeing services. |
| BHSF Occupational Health | Target | Company | An occupational health services provider helping prevent work-related illnesses and injuries. |
| Jonathan Thomas | CEO of Optima Health | Person | The CEO of Optima Health, leading the company's acquisition strategy. |
| Stuart Hayhurst | CEO of BHSF Group | Person | The CEO of BHSF Group, overseeing the selling decision of BHSF Occupational Health. |