One of the world’s biggest private equity firms has agreed to acquire a stake in Health Partners Group, a provider of occupational health services to millions of its clients’ employees.
Sky News understands that Warburg Pincus has struck a deal to partner with the company in a deal valuing it at more than £300m.
Health Partners Group was founded in 2016 by chief executive Andrew Noble and chief medical officer Dr Alasdair Emslie.
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It is principally focused on serving private sector clients, although it does not disclose their identities.
In the year to 31 July 2024, it reported revenue of close to £77m and earnings before interest, tax, depreciation and amortisation of £13.6m, according to accounts filed at Companies House.
The company says it is now the largest occupational health provider and among the largest non-hospital healthcare providers in Britain.
Further details of the transaction with Warburg Pincus, including the size of the stake it had agreed to buy, were unclear on Monday.
The deal is said by bankers to value Health Partners at between £300m and £400m.
Warburg Pincus has backed similar businesses in other countries, including Quantum Health in the US and Arsipa in Europe.
On Monday, Warburg Pincus declined to comment.
