For immediate release 30/1/2007
GROSVENOR HEALTH CONTINUES TO EXPAND WITH ACQUISITION OF
HEALTH SURE UK LIMITED
Birmingham Based Grosvenor Health Limited (Grosvenor), one of the UK's leading providers of occupational health services, announces that it has successfully completed the acquisition of Glasgow based Health Sure UK Limited (HS). Grosvenor will fund the acquisition through a combination of existing cash resources and funding provided by Close Ventures and Bestport Ventures.
Grosvenor is established as a leader in providing professional, integrated services and solutions to help businesses develop and improve their corporate healthcare strategy. The business completed a successful management buy out from Capio Healthcare UK Limited in March 2004. Grosvenor provides services to over 300 clients ranging from 5 to 80,000 employees representing a broad range of industry sectors including: Automotive, Brewing, Defence, Emergency Services, Financial Services, Government Agencies, IT, NHS Trusts, Retail, Unions and Utility Companies.
It has built an enviable blue chip client base offering services to large companies who prefer to contract out to specialist providers rather than build their own infrastructure to deliver these services. The services, offered to customers on a contract basis typically lasting between three to five years, cover: pre-employment fitness for work assessments; on-site health surveillance (including general health screening and workplace assessments); sickness absence and rehabilitation management; pensions and insurance adjudication.
Health Sure UK Ltd (HS) was formed in 1990 by Dr Charles Freer in Glasgow, since when the company has developed a reputation for service and quality. The business has grown steadily to the point where it is now the leading independent health screening provider in the UK. Its clients include FTES 100 companies in the retail, telecommunication and banking sectors, along with other private and public sector organisations. The services provided in addition to health screening include occupational health, absence management and rehabilitation. The management team, led by Dr Freer and Managing Director James Brannan, remain in place and see strong development opportunities for their wellness based services.
Charles Freer, Medical Director of Health Sure UK, commented: “Employers are increasingly aware of their potential to positively influence employees and help them maintain a healthy and productive lifestyle. We can work with employees to help them achieve the level of well-being they themselves aspire to. This provides clear and demonstrable health and economic benefits to both employee and employer, and the increasing demand for our services reflects this.”
Nick Jones, Chief Executive of Grosvenor, commented: “Last year over 2.4 million workers suffered from work-related ill health, and absence exacerbated by the generally declining levels of general health and fitness. We are operating in an area with considerable growth potential through increased outsourcing and emerging regulatory pressure. The acquisition of Health Sure means that Grosvenor will benefit from additional wellness related services and an expanded quality client list, as well as economies of scale. It also brings a high quality management team, who can help us achieve our goal of becoming the premier provider of health services to employers in the UK.”
For further information please visit www.grosvenorhealth.com or contact:
Nick Jones, Chief Executive
Grosvenor Health Limited
Tel: 01527 532 100 or 07836 249 930
Dr Charles Freer, Medical Director
Health Sure UK Limited
Tel: 0141 331 7770
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