Mon, 21 Jun 2021 | BUSINESS NEWS
Tyneside-based healthcare firm Salutaris People has unveiled plans for a £100 million acquisition drive over the next three years. The company will target companies with turnover between £1 million and £10 million in sectors including healthcare recruitment, logistics, facilities management and COVID-19 testing.
Salutaris People is a government-approved COVID-19 testing provider and administers rapid PCR tests for passengers at Liverpool John Lennon Airport. It will co-operate with Lee Humble from MHA Tait Walker’s corporate finance division on its acquisition plans. The company is also planning to tender for NHS and government contracts.
Salutaris People CEO Ross Tomkins commented: “We are delighted to be working with MHA Tait Walker on the corporate expansion plans for Salutaris People. Lee Humble brings a considerable amount of specialist expertise and knowledge to this client relationship, with the backing of a large advisory team in MHA.
“As an accountant, corporate finance specialist, investor and business owner, he understands both sides of the relationship, which is really important to us as we start our expansion plans.”
“We aim to channel our combined 30 years of expertise in the healthcare sector to make Salutaris People a global brand. Healthcare recruitment will become a big part of our corporate offering, as we have seen the strain placed on the NHS during the pandemic and how this has then filtered down into the private sector.”
“As many government contracts in the PPE and Covid testing sectors come under rigorous scrutiny and oversight, we believe Salutaris People will be best placed to facilitate those supply chain contracts due to the very high standards and efficacy we adopt within our business practices.”
MHA Tait Walker’s Lee Humble added: “Salutaris People has an incredibly exciting future ahead both in the private and public sector, due to the nature of the markets it will operate in. Ross and his team bring an impressive 30-year track record in the healthcare sector to Salutaris People. This will enable the business to expand its Covid testing capability, develop its healthcare recruitment, facilities management and logistics services.
“The £100m three-year acquisition plan is more than achievable given the sectors it plans to operate in and the high standards operated by the management teams both in situ and yet to join. We have numerous funding channels open to us with a view to facilitating our growth plans and we are already in active dialogue with multiple parties who we see as a great fit.”
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