Acquisition expands occupational health and wellbeing services

Optima Health, a provider of corporate health and wellbeing solutions, has acquired BHSF Occupational Health in a £1.4m deal.

The acquisition will expand Optima’s customer base and add 60 occupational health clinicians to its team. BHSF Occupational Health specialises in preventing work-related illnesses and injuries, safeguarding workers from occupational hazards, and promoting overall workplace health and safety.

Over the past year, the business generated £8.3m in revenue, £3m in gross profit, and a pre-tax loss of £400k.

Optima Health sees significant potential to grow the business and is actively seeking additional bolt-on acquisitions to enhance its portfolio. The transaction is expected to close by the end of January 2025.

Jonathan Thomas, Chief Executive Officer of Optima Health said: “The acquisition of BHSF Occupational Health is an exciting step in our plans to expand our delivery of optimised occupational health and wellbeing services, and aligns with our strategy of delivering targeted M&A to accelerate growth. The acquisition brings an experienced team of new colleagues into Optima Health including around 60 occupational health clinicians in addition to an attractive customer base, both of which strengthen the Group’s ability to deliver its industry leading solutions on a broader and growing scale.”

Stuart Hayhurst, Chief Executive Officer of BHSF Group said: “As a long-standing health and wellbeing provider, BHSF Occupational Health has helped millions of people obtain access to necessary healthcare services they couldn’t easily get elsewhere. The decision to sell the business to Optima Health plc comes after careful consideration, and we believe Optima will be a great home, as they share very similar values and their commitment to excellence aligns with BHSF. We are confident that the business will continue to thrive under the new leadership.”

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