Healthcare specialist private equity firm Archimed Partners has made bolt-ons to two of its businesses, Rehabworks and Micromed.
Suffolk-based Rehabworks, which focuses on the treatment of injuries, has bolted on Crystal Palace Physic Group, a south London provider of physiotherapy services.
The acquisition will allow Rehabworks, which currently provides services through employers and insurance companies, to offer care directly to individuals on a private basis and enter the NHS sector.
Archimed provided all of the funding for the deal. Crystal Palace Physio’s founder and chief executive will re-invest some of the proceeds into the new combined business.
Meanwhile, neurodiagnostics business Micromed, which operates in France and Italy, has acquired German company Sigma Medizin-Technik.
Archimed funded the acquisition without debt but with Bpifrance as a co-investor.