HBSUK is a multi-disciplinary provider of online outpatient services and on-site clinical capacity to the Public and Private healthcare sectors. It is the only provider of blended care pathways in the UK, whether physically on-site via its insourcing services or remotely via Virtual Lucy, its bespoke digital triage and treatment platform that provides users with accelerated specialist assessments and direct access to clinicians.
With a highly experienced leadership team, an established technology platform and track record of organic growth, the shareholders approached Grant Thornton to identify a strategic partner to accelerate the next phase of the company’s exciting growth plan and continue its mission of delivering reliable and scalable solutions to the fundamental challenges affecting the healthcare ecosystem.
We worked closely with HBSUK to prepare the business for sale and maximise shareholder value, positioning and evidencing the key value drivers behind a clinically led service business supported by a fast-growing technology platform.
AXA Health, an existing HBSUK partner, were identified as the key strategic partner for the business, benefiting from HBSUK’s ability to improve patient experience across the care pathway for multiple specialities and deliver significant efficiencies through Virtual Lucy.
We worked collaboratively with all parties through to completion, supported by valuable input from our tax team to successfully execute a transformative and value enhancing deal, with all members of the management team continuing with HBSUK to deliver the next stage of its expansion plan.
Peter Jennings and the Grant Thornton team worked tirelessly to deliver a fantastic outcome for our business and shareholders, providing considered and invaluable advice throughout the process. They worked collaboratively and professionally with all parties, and their support and sector experience proved key to delivering the transaction in a timely manner. I would have no hesitation in recommending the Grant Thornton Healthcare Corporate Finance team.
Mark Fountain Chairman, Healthcare Business Solutions (UK) Limited
