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.
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Further details of the transaction with Warburg Pincus, including the size of the stake it had agreed to buy, were unclear on Monday.
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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.
