Bamburgh leads strategic sale of Pioneer Healthcare

March 22, 2022

Leading corporate finance advisor Bamburgh Capital has advised on the £13m sale of a provider of independent specialist NHS secondary care services across the North of England.

Pioneer Healthcare has been snapped up by Derby-based Totally Plc, a provider of frontline healthcare services, corporate fitness and wellbeing services across the UK and Ireland.

Bamburgh Capital’s team included Co-founder and Director Alex Clarkson assisted by Gabriel Schwalbe, Edward Thompson and Gajanan Dharmasena.

Alex Clarkson said “Pioneer is a fantastic success story with a large, growing presence across the North of England as its services become increasingly important for local NHS trusts.

“We are delighted to have helped the Pioneer team find the right partner to drive expansion and deliver additional capability and strategic growth across the region. An excellent outcome for all parties.”

Pioneer is led by three senior NHS consultants, Hesham Zaki, Professor Prasad Godbole and John McMullan.

The business was founded in 2007 to provide elective secondary care for the NHS and help reduce waiting lists. Pioneer has been highly successful to date in offering high quality NHS services, free at the point of delivery, with a focus on providing the best patient care.

Pioneer Healthcare and Totally Healthcare (Totally’s Insourcing division) will be brought together to create a single, established, provider of insourcing and outsourcing services under the Pioneer brand.

Wendy Lawrence, chief executive of Totally plc, said: “Pioneer’s services closely complement those provided by Totally Healthcare. The combined insourcing and outsourcing business will benefit from its stronger footprint across the UK and Ireland and the additional significant experience of the Pioneer leadership team. Pioneer has an excellent reputation in the market and we look forward delivering on the undeniable potential that is available to the combined business.”

John McMullan, managing director of Pioneer, added: “The team at Pioneer Healthcare is very excited at the prospect of continuing the company’s growth as part of a high quality company like Totally.”

Other advisors included  DAB Beechcroft (legal) and Alexander & Co (tax). Totally plc was advised by RPG (financial and tax due diligence) and BPE (legal).