Fri, 10 Oct 2025 | BUSINESS SALE
EMED Group, a Leeds-based non-emergency patient transport provider, has been sold by its private equity owner Cairngorm Capital Partners to Tiger Infrastructure Partners. EMED was formed by Cairngorm Capital through the 2021 acquisition of E-zec Medical Transport, which it subsequently merged with ERS Medical in February 2023.
Cairngorm Capital has invested significantly in the business, expanding it from a company that managed 11 contracts and 75,000 journeys per month in 2021, to a nationwide operator managing 87 contracts and over 176,000 journeys per month today.
This growth has been achieved through contract wins and organic expansion into specialist ancillary services. Cairngorm Capital’s investment team at the business was led by Amit Thaper and George Buckle.
Cairngorm Capital Managing Partner Andrew Steel commented: “Our investment in EMED reflects our commitment to the ageing-in-place theme and our philosophy of finding proprietary opportunities to invest in companies with transformational growth potential.”
"Under CEO Craig Smith’s leadership, EMED implemented a professionalisation strategy and diversified into new markets. We continue to develop leading companies in this space, notably through our ongoing investments in Millbrook Healthcare and Livity Life."
EMED Group Chief Executive Craig Smith described the sale as a “major milestone” for the company as it enters its next phase of growth, adding that the business looked forward to “partnering with Tiger to embark on yet another phase of transformational growth and excellence."
The sales process was led by Arrowpoint Advisory, with Arrowpoint’s Managing Director Karen Dawaf saying that EMED “plays a critical role in unlocking access to healthcare for millions annually and plays an integral role in our healthcare infrastructure.”
Dwarf added that the sale delivers strong returns for Cairngorm investors, as well as positioning EMED “for continued growth under its new investment partner.”
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