Palatine Announces Significant Investment in Redmoor Health
We are excited to announce our significant investment in rapidly-growing, digital healthcare services partner Redmoor Health.
Founded in 2017, Chorley-based Redmoor Health is a trusted partner of the NHS for all things digital technology. It provides a range of digital transformation expertise from design and project management to implementation and analytics.
As a family-run business with a mission to improve patient outcomes and improve service delivery Redmoor has secured investment from Palatine’s Impact Fund, which backs commercially driven businesses with a mission to positively impact society or the environment.
Redmoor represents the final investment from our first Impact Fund, which was the UK’s first dedicated returns-focused Impact Fund raised by a mid-market private equity house and was created to invest in companies that are tackling some of the biggest issues we face in society today, such as inequalities in education and jobs across UK regions, access to healthcare and climate change.
Redmoor Health founder and CEO Marc Schmid co-owns the business with his wife Alison and said: “We’ve grown the business to 30 staff over five years without investment but believe Palatine will take us to the next stage of our growth journey.
“We were approached by 13 different investors but found that Palatine best matched our values, culture and commitment to improve healthcare and the environment.
“The pandemic highlighted the value that technology can make to healthcare and we look forward to accelerating our growth with Palatine as our partner.”
The deal builds on the leading mid-market investor’s strong track record in the healthcare and digital sectors, which includes successful investments in Routes Healthcare, tranScrip, Veincentre, FourNet and Acora.