H2 Equity Partners acquires majority stake in NRS Healthcare

H2 Equity Partners (“H2”) is pleased to announce that it has invested in NRS Healthcare (“NRS” or the “Company”).

H2 partially bought out existing shareholder LDC, a mid-market private equity investor, and has become the majority shareholder in the Company. LDC will retain a minority investment in the Company, alongside the incumbent management team.

NRS Healthcare is a market leading outsourced provider of specialist community healthcare equipment and services to the NHS and local authorities. The firm’s products and services enable people with mobility issues to be self-sufficient within the home either to delay or prevent more expensive residential or acute care. Based in Leicestershire, NRS employs 734 employees across the UK and is forecast to generate sales of £132 million in current financial year.

H2 intends to build on NRS’s market leadership of a sector that has been growing strongly due to outsourcing of care services and the demands of an ageing population. H2 will support the Company’s growth by working with the management team to develop the lead provider model and retail proposition.

Commenting on the transaction, Phil Isherwood, CEO at NRS Healthcare, said:

“We are excited to bring H2 on board as investors and are looking forward to the next phase of the Company’s growth, where we will focus on developing our proposition and the range of products and services we can offer our customers”.

Terry Musson

The Amberon Group is a market leading traffic management provider to the utilities and Local Authority markets. Amberon was established in May 2002 with our first depot in Paignton, South West England. Our founding core principles remain at the heart of everything that we do and our continued desire to achieve our purpose; to provide the best service in the Traffic Management sector. This has been the foundation for our success and has cemented our position as the market leader in TM.

During the initial transaction we never felt under any pressure & instantly recognised we would become part of the family. H2 took the time to listen to our views & business strategy, it was obvious from the very beginning that they would be the perfect partner for us.

The guys at H2 have enabled us to continue the momentum & have provided the expertise & knowledge to help us continue on the journey to constantly improve our service offering.

Working with H2 during the last 2 years has given us additional support not just financially but the advice & expertise has helped analytically & strategically.

The ambition and the drive H2 have is extremely infectious & continues to assist the group to overachieve.

It’s enormously reassuring to know H2 will always be at the end of the phone to offer advice but heartening to know they have the trust in us to deliver.