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Optima Health to acquire Care first
Globenewswire· 2025-05-06 11:00
Core Viewpoint - Optima Health has announced the acquisition of Care first, a mental health services provider, for a net consideration of £15,000, which will enhance its scale and customer base in the mental health sector [1][5][6]. Group 1: Acquisition Details - The acquisition involves a cash payment of £350,000 on a cash-free, debt-free basis, with an adjustment leading to a net consideration of £15,000 [5]. - Care first generated unaudited revenue of £4.4 million in the 12 months leading to December 2024, which will add approximately £3.7 million in revenue to Optima Health [5][6]. Group 2: Strategic Alignment - The acquisition aligns with Optima Health's strategy to consolidate margin-accretive businesses in the occupational health sector, creating additional growth opportunities and scale benefits [3][4][6]. - The deal will expand Optima's customer base by adding over 1,000 new customers and approximately 40 experienced employees, enhancing cross-selling opportunities for other occupational health solutions [2][6]. Group 3: Leadership Perspective - The CEO of Optima Health emphasized that the acquisition demonstrates the company's ability to execute its strategy in a familiar market, creating opportunities for scale and revenue growth [4].