Wellbeing group unveils latest deal with acquisition of €11m-turnover Irish target
PAM Group, the Warrington-based occupational health and wellbeing specialist, has acquired an Irish business, for an undisclosed sum.
Corporate Health Ireland (CHI), has 100 staff and annual revenues of €11m.
CHI, which was established in 1999, provides consultant-led occupational health services across Ireland from clinics in Dublin, Cork, Waterford and Limerick.
Its services include medical assessments, health surveillance, absence management and ‘flu vaccinations. CHI serves a wide client base across the public and private sectors, including pharmaceuticals, chemicals, technology, manufacturing and financial and professional services.
It will retain its brand identity and will continue to be led by Dr Sheelagh O’Brien in Dublin and Dr Martin Hogan in Cork.
PAM chief executive, James Murphy, said the acquisition is a strategic move that enables the group to grow its own service offering and to expand its geographical presence in Ireland. In addition, clients of CHI will have access to PAM’s range of services.
James said: “There is a strong cultural fit between CHI and PAM, as both companies recognise the value of colleagues and the services that they provide to clients.
“CHI has a great management team, and we will provide them with the necessary level of resources and support to expand in Ireland. This acquisition also allows PAM to access new clients and grow our own service offering.”
Martin Hogan said: “Being part of PAM Group will enable us to expand and increase our services to existing and new clients in Ireland. The support and investment in our colleagues from PAM, such as through continued professional development and systems, will strengthen CHI without changing the success factors upon which we have built the business.
“CHI will continue to be managed by our existing leadership team, who know our clients and are key to delivering our services. We are eagerly looking forward to the future as part of the PAM Group.”
PAM was advised on the acquisition of CHI by Hill Dickinson, Dow Schofield Watts, RSM Ireland and Dublin law firm ByrneWallace. CHI was advised by accountants Quintas and law firm J W O’Donovan Solicitors, and Benchmark International, all based in Cork.
CHI is PAM’s third acquisition of 2023. Earlier this month the group announced the acquisition of the occupational physiotherapy business of Connect Health.
The deal added 60 staff and £2m in annual revenues to the group’s PAM Physio Solutions business.
In early 2023, PAM acquired MedProtect, which provides mobile health screening to companies across the UK and Ireland.
PAM Group, which employs more than 700 people, posted revenues of £45m for 2022 and is on track to reach £55m this year.
It is looking to grow turnover to £80m over the next few years through continued organic expansion and further acquisitions.
