The Palatine-backed digital healthcare services partner believes that the acquisition will help improve patient outcomes and empower primary care teams to drive change.
Palatine-backed digital healthcare services partner Redmoor Health has acquired Chichester-based The Well Led Practice, a leadership and team self-development platform for practices and primary care networks.
Financial terms have not been disclosed.
“By combining our digital transformation expertise with The Well Led Practice’s leadership and workforce development tools, we are empowering primary care teams to drive meaningful, lasting change,” said Redmoor Health chief executive Matt Murphy.
Private equity firm Palatine made a “significant investment” in Redmoor Health in October 2022 as part of the final investment of its Impact Fund.
Impact Fund investment manager Greg Holmes led the deal for Palatine alongside partner Beth Houghton, the head of Palatine’s Impact Fund. Both then joined Redmoor Health’s board. The investment added to the fund’s healthcare portfolio which includes specialist aged care provider Routes Healthcare; transcript – a specialist services provider to pharma and biotech companies; varicose veins treatment group Veincentre; and tech services group FourNet.
Murphy himself was appointed as chief executive in August last year as Marc Schmid, founder of Redmoor took a more strategic role to develop the firm as a strategic partner for the NHS and other public sector organisations. Clare Sieber, founder of The Well Led Practice has taken the role as Redmoor’s chief medical officer.
