Leading law firm Howes Percival has advised the shareholders of Medicare Insourcing Services, a leading provider of clinical insourcing services to the NHS, on its investment from Bay Tree Private Equity.
Founded in 2018, Medicare provides NHS Trusts with additional capacity to reduce their waiting times and deliver improved clinical outcomes. The business provides insourcing solutions across diagnostics and outpatient services, deploying clinical teams directly into NHS facilities.
Howes Percival advised on all aspects of the transaction from heads of terms stage through to completion. Gareth John and Tanya Hancox advised the shareholders on the sale of Medicare and Oliver Pritchard and Helaina Mann advised the management of Medicare on the post completion investment.
Specialist input was provided by Howes Percival’s Emma Cobley (Corporate), Jacob Denness (Corporate), Sam Moore (Corporate), Nick Benton (Employment), James Conley (Employment) and Courtney Kidney (Employment).
The shareholders were also advised by Eclipse Corporate Finance and Bright Advisory (Tax Advice). CMS Cameron McKenna Nabarro Olswang LLP advised the buyer with FRP Advisory acting as debt adviser. Pinsents acted as legal advisors to OakNorth Bank.
Howes Percival Leicester Corporate Senior Associate Tanya Hancox commented, “I’m really pleased that we were able to support the Medicare Team to facilitate this transaction. The firm’s specialist knowledge and depth of resource were key to ensuring a smooth transaction and helping the parties to reach commercial, pragmatic solutions. It is a great example of the strength of our health and social care sector team, working alongside the wider team from a legal due diligence perspective to deliver a great result.
“This deal follows a busy start of the year for the Howes Percival corporate team, advising on a large number of acquisitions and disposals across the country.”
Scott Littfield, CEO of Medicare commented: “It was a pleasure working with the HP team who worked tirelessly and diligently throughout the process.”
For more information on Howes Percival’s Corporate Law team, visit: https://www.howespercival.com/services/corporate/
