Healthcare investment business Optimism Health Group has acquired Outside Clinic, a domiciliary eye care and hearing care business, which carries out more than 100,000 eye and hearing tests annually.
Henry Pitman, chairman of Optimism Health Group said: “Outside Clinic has established a reputation for providing the highest quality eye tests and hearing tests in older people’s homes. This business, which already operates nationally, has the potential to expand both in the UK and mainland Europe, providing ‘at home’ services not only to older people, who struggle to get to a high street optician, but also to an increasing number of people from other demographics who prefer to see an optometrist or adiologist in the comfort of their own home.”
Optimism Health Group stated it intends to make further acquisitions of eye care and hearing care sector businesses, and others which provide clinical services in older people’s homes.
Damian Kenning, founder of Outside Clinic, said: “Over 33 years we have built Outside Clinic to become a substantial national provider of domiciliary eye and hearing tests, with the very highest clinical standards. I am pleased that Optimism Health Group plans to continue the development of this first-class business to create a substantial group focused on the fast-growing domiciliary and home healthcare sector.”
Hazlewoods provided buy side advisory services including financial due diligence and debt advisory. Simmonds & Simmonds provided legal advice to Optimism Health Group, and bank debt was provided by Shawbrook Bank.
Date published: November 23, 2020