Headquartered in Nottingham, Acuity provides support to children and adults with physical disabilities, mental health conditions, learning disabilities and autism. Working in partnership with clients, their families, circles of support and multi-agency teams, Acuity is committed to promoting the Transforming Care agenda, which aims to provide care at home, not at hospital.
Its acquisition of Southampton-based Team Healthcare Acquisitions (THA) will extend its geographic reach to the south and expand its service offering to include expertise in acquired brain injury and neurological disorders.
Acuity Chairman, Craig Rushton said:
"Acuity and THA are complementary in both service capabilities and geographical spread. Demand for Continuing Healthcare funded activity remains high and all our customers will benefit from our combined expertise. This is another positive step as we pursue our ambitious growth strategy."
The WestBridge team comprised Tim Whittard, Ed Minton, Rebecca Sinclair and Valerie Kendall.
Tim Whittard, partner at WestBridge, said:
"We are delighted to have supported this acquisition. Acuity has performed very well since our investment and has grown faster than originally predicted meaning that it was well placed to take advantage of the opportunity to acquire THA, just six months after our initial investment. There are clear synergies between the two companies and together they make an impressive force in the sector."
Ed Minton, senior investment manager at WestBridge, added:
"From the off, we viewed Acuity as an exciting investment proposition. The market in which it operates is highly fragmented so we knew there would be compelling opportunities to pursue a focussed acquisition strategy. Despite the challenges of the pandemic, growth has continued since our investment, so we were delighted to support their first acquisition and look forward to exploring further opportunities in the future."