Mon, 16 Feb 2026 | BUSINESS SALE
A preventative healthcare specialist is set to be acquired by a listed group in a deal worth approximately £100 million. The acquisition of PAM Healthcare Limited by Optima Health will provide an exit for private equity firm LDC.
Warrington-headquartered PAM Healthcare provides occupational health and wellbeing services, including health surveillance, physiotherapy, absence management, employee assistance programmes and specialist assessments.
The company’s serves a blue-chip corporate and public sector client base, with a team of more than 450 employees, supported by a network of associate clinicians.
Optima Health has now entered into a share purchase agreement to acquire the entire issued share capital of the company, which has been backed by LDC since 2021, for a total cash consideration of approximately £100 million.
In the year to December 31 2025, PAM Healthcare Limited reported unaudited revenue of around £66.6 million and adjusted EBITDA of £8.2 million, with the total cash consideration reflecting an EBITDA multiple of approximately 12.2x.
According to Optima, the acquisition of PAM Healthcare will cement its position as a leading UK provider of occupational health and wellbeing services, as well as building upon the group’s existing presence in Ireland.
The acquisition will also support its medium-term target of achieving revenue of £200 million and adjusted EBITDA of £40 million.
The deal will be financed partly through new committed secured debt facilities of £70 million with the group’s existing banking partners, Barclays and HSBC, and partly through an unsecured £30 million short-term related party bridge facility with Deacon Street Partners.
Optima Health Chief Executive Jonathan Thomas described the deal as a “transformational acquisition underscores our intent in delivering our stated strategic objectives and cements Optima's position in its attractive and growing market.”
He continued: "The acquisition of PAM is highly complementary and synergistic for Optima and has been a high priority target for a number of years. With our strong track record for delivering bolt on acquisitions and our excellent market dynamics, the board and I are very confident about our future growth trajectory.
The acquisition is subject to approval from the Irish Department for Trade, Tourism and Employment's Foreign Direct Investment regime.
Find out more about UK healthcare M&A
This is a rare opportunity to acquire a beautifully presented, well-established three-surgery dental practice in an affluent area of Greater London.
LEASEHOLD
This is a rare opportunity to acquire a top-rated aesthetics and skincare centre in South West London, equipped with high-end machinery.
LEASEHOLD
A thriving private dental practice is now available for acquisition in the desirable region of Cheshire.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.