Occupational health provider Corporate Health Ireland (CHI) has been acquired by UK-based peer Pam Group.
CHI, which was established in 1999, provides consultant-led occupational health services across Ireland from clinics in Dublin, Cork, Waterford and Limerick.
It has 100 staff and annual revenues of €11 million. Financial terms of the transaction were not disclosed.
Its services include medical assessments, health surveillance, absence management and flu vaccinations.
It serves a wide client base across the public and private sectors, including pharmaceuticals, chemicals, technology, manufacturing and financial and professional services.
CHI will retain its brand identity and will continue to be led by Dr Sheelagh O’Brien in Dublin and Dr Martin Hogan in Cork.
James Murphy, chief executive of the Warrington-headquartered Pam Group, said the acquisition would enables the group to grow its own service offering and to expand its geographical presence in Ireland.
In addition, clients of CHI will have access to the Pam Group’s range of services.
“I am delighted to have Corporate Health Ireland as our brand in Ireland,” Mr Murphy said. “There is a strong cultural fit between CHI and Pam Group, as both companies recognise the value of colleagues and the services that they provide to clients.
“CHI has a great management team, and we will provide them with the necessary level of resources and support to expand in Ireland. This acquisition also allows Pam Group to access new clients and grow our own service offering.”
Dr Hogan said: “Being part of Pam Group will enable us to expand and increase our services to existing and new clients in Ireland.
“The support and investment in our colleagues from Pam Group, such as through continued professional development and systems, will strengthen CHI without changing the success factors upon which we have built the business.
“CHI will continue to be managed by our existing leadership team, who know our clients and are key to delivering our services. We are eagerly looking forward to the future as part of the Pam Group.”
Pam Group, which employs more than 700 people, posted revenues of £45 million (€52.3 million) for 2022 and is on track to reach £55 million this year.
The company is looking to grow turnover to £80 million over the next few years through continued organic expansion and further acquisitions.
The group is a major provider of occupational health, health screening and wellbeing services across the UK.
It offers a range of integrated services to public and private sector clients, supporting more than a million employees at over 1,000 businesses and organisations.
Its services include physiotherapy, absence management, employee assistance programmes, psychological support, corporate health assessments and neurodiversity assessments, ergonomic and assistive technology products, and mobile health screening.
The group operates a network of 25 clinics. It also has a retail arm which supplies fitness, exercise and rehabilitation equipment to consumers, sports clubs and sports and physiotherapy professionals.
Pam Group was advised on the acquisition by Hill Dickinson, Dow Schofield Watts, RSM Ireland and Dublin law firm ByrneWallace. CHI was advised by accountants Quintas and law firm JW O’Donovan Solicitors, and Benchmark International, all based in Cork.