Doctors Healthcare sold for €105m
The Doctors Healthcare Group (TDHG), the
Barclays Private Equity originally invested c.£20 million in a debt free deal to fund the buy-out and help grow the business both organically and by acquisition. Mark Taylor and Nathan Elstub managed the investment and sale for Barclays Private Equity and report a good return on the company's investment.
The Doctors Healthcare Group was formed in 1988 and now has an annual turnover of £20 million and has achieved a compound annual growth in revenues of 25 per cent over several years.
Dr Ray Prudo, Chairman, Doctor's Healthcare Group commented "We were looking for a trade partner with a similar culture to ours, which could help us reach the next level in our market. Sonic, with its focus on medical management and experience with industry consolidation, satisfies our criteria for a growth partner. We are looking forward to working with Sonic in order to expand our services more broadly both in the
Dr Colin Goldschmidt, Managing Director, Sonic, is keen to use this as an opportunity to play a major role in the changing healthcare markets in the
"Whilst our initial investment was made just 15 months ago, the Government's plans to restructure the
Note to News Editors:
Barclays Private Equity is a division of Barclays Capital, the investment banking division of the Barclays Group. With more than 300 transactions to its name, Barclays Private Equity is one of the leading private equity providers in the
The Doctors Healthcare Group plc has grown from a diagnostics laboratory business into an integrated healthcare group with approximately 250 employees, benefiting from cross selling opportunities between the testing services, laboratory management, laboratory automation hardware sales, laboratory management software sales and support and consulting services divisions of the business. The company is headquartered in
Sonic is a substantial pathology business based in