HEALTHCARE SPECIALIST INVESTORS

Investment type: Buy-in

Sub-sector: Healthcare Services

Status: Realised

SureCalm

SureCalm is a provider of NHS-funded homecare services to patients with long-term chronic conditions. The company was created by an Apposite-financed management buy-in of three separate local owner-managed businesses known as Dispensing Appliance Contractors (DACs). DACs dispense and deliver prescription medical appliances, such as colostomy bags and catheters, and provide home-based nursing services to ostomy and urology patients.

Impact

SureCalm was one of the first DACs to apply for full Care Quality Commission registration. It established a strong philosophy of focusing on patient outcomes, enabling patients to self-manage their condition whilst reducing hospital admissions and medical interventions

Key Developments

The MBI created one of the largest independent DAC in the UK, delivering products from all manufacturers, to around 10,000 patients. The company core DAC business achieved healthy growth during Apposite’s ownership. The company made significant investment to strengthen its nursing capability and urology offering. It also launched a pharmacy service, delivering medicines to the patient’s own home. The company’s work force increased by over 45%.

SureCalm was acquired by Amcare Ltd, a wholly owned subsidiary of ConvaTec UK Holdings, in 2012.