Lucid Group completes acquisition of North West-based healthcare consultancy

Thu, 12 Sep 2019 | BUSINESS SALE



Healthcare communication specialists, Lucid Group, has successfully completed the acquisition of HealthCare21 healthcare consultancy with the help of LDC private equity firm.

HealthCare21 has been in operation for over 23 years, producing healthcare programmes and materials specialising in content creation, editorial, digital and scientific strategy. It has offices in the north west of England, Singapore and Dubai.

Similarly, Lucid Group provides medical communication services, with companies like Bluedog, Leading Edge, Lighthouse, Lucid Partners and ViVid as part of its portfolio.

The acquisition will allow both companies to expand on its range of services and enhance its relationships with new clients in new markets.

One of Lucid Group’s co-founder, Dennis O’Brien, said: “This is a perfect match and builds on Lucid’s leadership position in medical communication.

“We have developed a reputation for excellent strategic consultancy, impactful medcomms, digital excellence, and creative execution. HealthCare21 brings further scientific and editorial expertise to increase our offering to our clients and bring more opportunities for our teams.”

HealthCare21’s managing director, Cliff Wyatt, added: “With our strongest ever year in 2018, this is a good time for us to capitalise on this momentum, benefit from better infrastructure and additional capabilities like behaviour change and establish ourselves further as the partner of choice for our clients.”

Lucid Group and the deal have been backed by private equity firm LDC since 2017, which has assisted Lucid over time develop and grow its portfolio of services through acquisitions.

LDC’s director, Christian Bruning, commented: “Under Dennis's leadership, Lucid continues to increase its reach and diversify its service offering through strategic complementary acquisitions.

“This is Lucid's second acquisition this year after creative digital consultancy Bluedog joined the group in February.

“It represents another positive step in the firm’s ambitious strategy to expand overseas and establish itself as a leading international provider of healthcare communications.”


Share this article



Latest Businesses for Sale

Care Home
Lancashire, UK Wide

This business was originally established in 1990 by our clients; who are now looking to sell the business due to the desire to take a well-deserved retirement. The business runs as a residential care home which specialises in Dementia and Alzheimer’s...

Asking Price: £699,950
Turnover: £424,189

FREEHOLD


Clinical Trial Supply Company
UK Wide

Strategically sources commercial pharmaceutical medicines for all stages of clinical trials, supplying blue-chip clients on a global scale. Fully licenced to supply pharmaceuticals within the US – the largest single market for clinical trials globall...

Asking Price: Offers Invited
Turnover: £9,800,000

FREEHOLD


Specialist Supported Living Care
London, UK

Specialist care agency, focusing on supportive living for young people aged 16-18. Established 14+ years ago and based in the UK, our client works solely with local authorities providing housing and support for young, vulnerable people. Each vulnerab...

Asking Price: Offers Invited
Turnover: £3,200,000


View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
16
 
Sep
 

Cheshire-based SRL Traffic Systems completes MBO | MBO/MBI

SRL Traffic Systems, a manufacturer and supplier of portable...

 
24
 
Nov
 

Estate agency completes acquisition | BUSINESS SALE

Linley & Simpson, the estate agency funded by private equity...

 
05
 
Aug
 

Tech-enabled lockers firm Bybox undertakes an MBO | MBO/MBI

ByBox, the Oxfordshire business behind a network of unmanned...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources