Funds will be used to grow the company organically and by acquisition as well as to widen its service offerings.
BFG, an investor in small and mid-sized businesses, has taken what it calls “a significant minority investment” in Northern Irish homecare provider Connected Health.
Connected Health plans to use the funds for expansion – both via organic growth and targeted acquisition – and to widen its service offerings.
As part of its growth strategy, Connected Health intends to hire an additional 1,000 carers over the next two years to meet the growing demand for homecare services across Ireland.
“We see tremendous potential in the homecare sector in Ireland, and Connected Health’s focus on innovation, quality, and scaling its services aligns perfectly with our investment strategy,” said Chris Nixon, investor at BGF.
Following the BGF investment, Connected Health has changed its leadership team and appointed Scott Christie as chairman, Marc Murphy as chief financial officer, and Theresa Morrison as chief operating officer. Nixon joins the board as BFG representative.
Michael Carty remains managing director following his appointment in July last year.
