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Capita acquires Team24 for £24m

Outsourcing giant Capita has acquired healthcare recruitment firm Team24 for £24 million.

Capita will pay a further £2 million for Team24 depending on the staffing firm’s performance between now and 2012. The company provides doctors and nurses for temporary placements across the NHS and private sector.

A spokesman for Capita said the deal will add “depth and breadth of expertise both to Capita's recruitment business and to the range of services it provides to the NHS and wider healthcare market.” The firm recently acquired the government and healthcare units of public sector consultancy Tribal, for £15.9 million, to help it offer “a comprehensive menu of services” to support GP commissioners.

Team24 employs 80 staff and holds around 4,000 doctors and nurses on its books. The firm made an operating profit for its financial year to 31 March 2011 of £4.2 million on turnover of £32.7 million.

Paul Pindar, chief executive of Capita Group, said healthcare staffing was a “growth market.” “Demand for doctors and nurses is increasing in line with the ageing population and the government's focus on primary care, increased opening hours for GP surgeries and new services through NHS Direct.

“This acquisition will allow Capita to provide services to this growing market and complements a number of other services we offer to the public and private healthcare sectors."

 

Posted on: 31/05/2011

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