Healthy deal completed for clinical homecare provider
Pontefract-based HealthNet Homecare (UK) Ltd has confirmed the successful completion of its acquisition of HealthNet share capital – previously owned by Lexon UK Limited.
HealthNet Homecare is a nationwide clinical homecare provider serving tens of thousands of chronic, acute and rare disease patients with varying clinical needs across the UK and Northern Ireland.
It has progressed from being a start-up business in 2015 to being the third largest provider of clinical homecare today.
With the support of Barclays Corporate Banking, it has now acquired share capital which was owned by parent company Lexon UK Limited, and explains this deal marks a “new era” for the HealthNet Homecare business.
CEO Kerry Hinton stated: “This is great news for the business and the team.
“Our initial ambition was to distinguish ourselves as a provider who recognised that the core services of dispensing and delivery were simply a means to better engagement with patients and that our business differential was around delivering personalised clinical support.
“We have focused on making our core services steadfastly reliable and simple to use and our business easy to engage with.
“This has allowed us to concentrate on ways to create the successful programmes that drive adherence, reduce wastage and gather assessment data or patient reported measures that improve clinical outcomes.
“We would like to thank Lexon UK Ltd for their valuable support from the start of our journey to where we are today and to Barclays for supporting the acquisition of Lexon UK share capital, to ensure our future business not only continues to grow, but also that ongoing investment will drive even greater focus on innovation and technology.
“We know that by streamlining the way we work with the NHS and pharmaceutical companies we can help change the landscape of how chronic and acute and rare diseases are managed in the community.”
Jim Quantrill, relationship manager at Barclays Corporate Banking in the Midlands, said: “I am delighted to welcome HealthNet Homecare to Barclays and to provide funding for this buyout which supports their longer term, strategic growth plans.
“Our industry specialist proposition enables us to have an in-depth understanding of the unique challenges and opportunities facing the sector.
“With a growing trend within the industry towards at-home care for patients, this transaction enables the company to respond well to the demand for this type of healthcare service.”
