CBPE Capital LLP (“CBPE”) is pleased to announce the successful sale of Optima Health Group Limited (“Optima”) to Marlowe Plc, the UK leader in business-critical services and software which assure regulatory compliance, for an Enterprise Value of £135m. The sale represents a money multiple of 6.5x CBPE’s original investment in Optima.
Optima is the UK’s leading provider of technology enabled corporate health and wellbeing solutions. It aims to empower organisations to bring out the best in their people, and themselves, by actively managing their health and wellbeing and the business supports workplace wellbeing with digitally connected health solutions. Optima leverages its proprietary technology and flexible delivery model to foster healthy high performance, underpinned by a robust clinical governance framework.
Under CBPE’s ownership, Optima has grown significantly, from around 500 employees in 2016 to over 1,000 employees today and has become the clear UK market leader in corporate health and wellbeing solutions. The Group provides services to over 2 million employees across the UK, supported by over 600 employed clinicians.
Significant investment has been made into all areas of the business including the technology platform to support best-in-class services for clients as well as making the platform scalable for future growth.
Furthermore, service delivery and the clinical governance functions have been strengthened significantly over the last few years. A high quality clinical focus and market leading technology platform have been instrumental factors in Optima’s strong growth.
As part of a public company, Optima is well-placed to continue to grow through expanding its client base and range of services further, in addition to continuing to benefit from underlying market growth.
Simon Arnold, CEO of Optima commented:
“CBPE has been a great partner for the business and an incredibly supportive investor, bringing expertise and advice to help us achieve the growth so far. As a management team, we are excited by joining the Marlowe Group to further build Optima’s profile with new clients and to continue to pursue strong synergistic acquisitions in the sector. We are looking forward to introducing new services to benefit our clients and ultimately leveraging our platform to support clients to cope with ever growing demands. Our business model is based on maintaining the highest clinical governance standards, a flexible delivery model and a robust technical platform, which alongside the strong fundamentals in our sector, positions us well.”
Anand Jain, Partner, CBPE commented:
“We have greatly enjoyed working closely with Simon and the whole Optima team over the last few years and feel proud to have been part of the strong growth the business has achieved to date. Optima has become the clear market leader and made a significant impact on how corporate and occupational health is delivered in the UK, with innovative new services and digital health solutions that support employees in gaining access to the right care on a timely basis. We wish the team every success on the next stage of their journey.”
CBPE’s investment was originated and led by Anand Jain with support from Matt Watmore and is another example of CBPE’s strong track record of investing in the healthcare sector. Other current or recent CBPE investments in healthcare include SpaMedica, Rodericks, Blatchford, Simbec Orion and Medica.