Occupational health firm completes MBO
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Occupational health provider TP Health has recorded stellar growth and announced the appointment of a new non-executive director, following the completion of a management buyout by a team including its two founding directors.
The firm, which is based in Northamptonshire and employs over 220 people, is a provider of occupational health and well-being services to the NHS, supporting 36 NHS trusts, as well as major blue-chip clients such as the Atomic Weapons Establishment, Amazon, Heineken and Toyota.
Team Prevent UK was founded in 2006 by Marilyn Dummer and Oliver Hook on behalf of European health group B.A.D GmbH. Following a decision by B.A.D in 2020 to focus on its domestic market in Germany, the founders and other executive directors, Sam Dummer and Phil Waterworth, undertook a management buyout.
Since the team took control of the business in 2020, revenue has grown by more than 25% and is forecast to exceed £18min 2021, while headcount has also increased by more than 10% during the same period.
TP Health has now announced the appointment of Stephen Goodluck as a non-executive director. Goodluck is an experienced finance director who has held various positions across multiple FTSE100 and FTSE250 businesses including Sainsburys and Argos and will support the team as they take TP Health to the next stage of growth.
Marilyn Dummer, founder and CEO of TP Health said: “Since completing the management buyout of the company, TP Health has gone from strength to strength. This is a testament to the work of every one of our team, who have demonstrated their incredible commitment to ensuring that our clients and their employees have received the best possible support during what has clearly been the most challenging time for many businesses.
“More and more employers are now recognising that occupational health and well-being is essential part of how they operate, and we know that we have the expertise, tools and experience to support them in delivering the best results for their people. We’ve invested significantly over the last twelve months to ensure that we’re perfectly placed to capitalise on the opportunities in the market and we’re delighted that Stephen will be bringing his deep business experience to the team to help take us to the next stage of growth.”