Acquisition: Montreux Healthcare Fund
The organisation, which invests in the UK specialist care space, acquired both AJ Case Management and Medbank Healthcare Solutions in September 2019. Birmingham-based AJ Case Management will enhance the large case management component in their existing portfolio, while specialist recruitment business, Medbank Healthcare Solutions, will grow the operating comany’s staffing strategy, which serves the whole group.
This latest activity follows the acquisition of Independence Homes in January 2019 and the Lane Fox Remeo Respiratory Centre in July 2019, bringing the total number of deals which Crowe has advised Montreux Healthcare Care on this year to four.
Crowe's role and team
Geert Struyven, David Payne and Lewis Clark provided financial and tax due diligence as well as acquisition advice. This included inter alia advice on the normalised working capital. Emma Reynolds and Tiina Weekes also supported from the firm’s tax team.
Client quote
"The acquisitions of both AJ Case Management and Medbank Healthcare Services will strategically enhance our service offering and reach. AJ Case Management will complement our existing portfolio and add key staff which will have an impact across the whole business. While Medbank Healthcare Solutions will enhance our staffing strategy, filling a geographical gap in the current portfolio.”
Oliver Harris, CEO, Montreux Capital Management
