Patchwork Health Acquires L2P to Lead UK Healthcare Workforce

Deal News | Nov 06, 2024 | Perwyn

Patchwork Health, backed by private equity firm Perwyn, has acquired L2P Enterprise Ltd, a leader in medical appraisal and job planning software. This acquisition aims to create a market-leading platform in the UK healthcare sector, combining Patchwork’s expertise in workforce management solutions with L2P’s established software for doctors and other medical staff. Founded in 2016 by NHS doctors Dr Anas Nader and Dr Jing Ouyang, Patchwork Health supports over 60 NHS organizations, enhancing staffing efforts and reducing dependency on third-party services. L2P, established in 2009, is used by over 75 NHS Trusts and has a strong presence in the private sector. The integrated platform aims to enhance productivity, reduce costs, and provide strategic deployment of healthcare teams. Dr Anas Nader emphasized the shared vision between the companies for impacting change in healthcare. Perwyn has expressed continued support for Patchwork Health’s growth strategy.

Sectors

  • Healthcare
  • Technology
  • Private Equity

Geography

  • United Kingdom – Patchwork Health and L2P are UK-based companies, primarily serving NHS and private healthcare organizations in the UK.

Industry

  • Healthcare – The acquisition involves companies providing workforce management and medical appraisal software solutions, which target the healthcare sector's workforce needs.
  • Technology – Both Patchwork Health and L2P are involved in developing software solutions, making technology an essential part of their operations in transforming healthcare.
  • Private Equity – The involvement of Perwyn, a private equity firm, in financing and supporting Patchwork Health indicates the article's relevance to the private equity industry.

Financials

    Participants

    NameRoleTypeDescription
    Patchwork HealthAcquiring CompanyCompanyFounded in 2016 by NHS doctors, Patchwork Health offers workforce management solutions for healthcare, with a focus on digital rostering and data analytics.
    L2P Enterprise LtdTarget CompanyCompanyEstablished in 2009, L2P is a leading provider of medical appraisal systems and job planning tools for doctors, AHPs, and nurses.
    PerwynPrivate Equity InvestorCompanyPerwyn is the private equity firm backing Patchwork Health, supporting its strategy to lead in healthcare workforce solutions.
    Dr Anas NaderCEO & Co-founder of Patchwork HealthPersonOne of the founders of Patchwork Health, leading the company's mission to improve healthcare staffing.
    Dr Jing OuyangCOO & Co-founder of Patchwork HealthPersonCo-founder of Patchwork Health, involved in operations and strategic planning.
    Jim McLaughlinCEO of L2PPersonChief Executive Officer of L2P, instrumental in its growth in the healthcare sector.
    Dr Patrick DoyleFounder of L2PPersonConsultant anaesthetist and founder of L2P, leading initially before current management.
    Martin le HuraySenior Advisor at PerwynPersonAdvisor at Perwyn, involved in supporting Patchwork Health's strategic growth.