PE-backed care management provider acquires software firm
Summary
The strategic acquisition will enable OneTouch, which is backed by August Equity, to provide a more comprehensive service for clients. Following the takeover, the firm will benefit from additional resources and expertise, enabling it to innovate and expand its offering. The company’s care management software enables care teams to plan for, manage and monitor care delivery, with OneTouch saying that the system is “renowned for its user-friendly interface and comprehensive functionality” and “enhances communication among care providers and ensures that all stakeholders are informed and aligned in their efforts to deliver high-quality care.” OneTouch Health Group CEO Dermot Clancy said that OnePlan’s “innovative care management software” would complement the company’s existing offering and “enable us to provide a more comprehensive and seamless experience for our clients.” He added: "Together, we will continue to drive innovation and improve the quality of care for patients across the UK, Ireland, and Australia.” OnePlan Chief Executive Sue Newsome said that the two companies’ "shared commitment to innovation and excellence in care management makes this a natural fit.” Katie Beckingham and Kishan Chotai of August Equity said: "The addition of OnePlan to the OneTouch Health Group brings further functionality and enables OneTouch to reach an even greater number of clients within the care market, driving growth and enhancing the value we provide to care providers and patients alike. We are confident that this partnership will deliver significant benefits to all stakeholders." Find out more about M&A trends in the UKs medtech industry Discover how businesses can attract private equity backing for their acquisitive growth strategies