Wed, 12 Jun 2024 | BUSINESS SALE
A pair of injury and rehabilitation specialists in the North West have been acquired by handl Group. The acquisitions of Preston-based Osiris Health and Paediatric Specialist Physiotherapy (PSP) significantly expand handl’s health and wellbeing division.
Handl Group, an investment company that operates a buy-and-hold growth strategy, recently passed £100 million in annual turnover for the first time. As well as scaling up a health and wellbeing portfolio that already includes the Mind Right and Reach brands, the latest acquisitions will also help the group to meet growing demand for specialist rehabilitation services.
Daniel Franklin, handl Group Chief Strategy Officer (CSO), said that the group’s success is built on growing the companies it invests in and “finding ways for them to build expanded service propositions.”
He continued: "That's exactly what PSP and Osiris Health needed, and it gives us the opportunity to link in other brands such as Reach and Mind Right to offer a multi-disciplinary approach to neuro rehabilitation."
The deal will see PSP's Peter Sanderson remain with the business as clinical services director. In this role, Sanderson will draw on specialisms in chemo denervation, medicines optimisation and anatomy, as well as his experience as a national, European and international adviser on Spasticity management, to drive the group’s health and wellbeing division forwards.
Sanderson commented: "I'd been exploring the opportunity to make PSP and Osiris Health a part of the handl Group for some time, and I’d built a great working relationship with Dan and the team.”
"As clinical services director, I’ll be able to continue the work we’ve started, keep the health and wellbeing division’s vision aligned, and ensure that more patients than ever before have access to industry-leading clinical interventions and treatment."
Following the deal, handl Group said that it will continue to explore further acquisition opportunities in the sector, focusing on identifying businesses that can work alongside the existing brands in its health and wellbeing division.
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