Health tech firm backed by private equity investor Palatine

By Redmoor Health Ltd

12 Oct 2022

rh-palatine.jpg

Palatine has announced a ‘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 Palatine’s 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, 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.” 

Impact Fund investment manager Greg Holmes led the deal for Palatine alongside Partner Beth Houghton, the head of Palatine’s Impact Fund. Both will join Redmoor Health’s board. 

Holmes said: “Marc, Alison and the team have done an outstanding job of driving rapid growth in the business already.

“Far from taking their feet off the gas, they have a compelling growth strategy which we are excited to develop, through a focus on value enhancement, magnifying their impact and investing in the team and infrastructure. 

“We have a huge amount of experience in both the healthcare and technology sectors across our Impact and Buyout Funds, and we look forward to seeing the partnership blossom.” 

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. 

Palatine was advised by Cortus (financial), Candesic (commercial), Hill Dickinson (legal), Panamoure (technology), RSM (tax) and The Quinn Partnership (management). Redmoor Health was advised by Freeths (legal) and Shorts (tax). 

Latest news

1

Burnley aerospace firm eyes global growth with new CFO Rob Smith Of Velocity Composites

Burnley aerospace firm eyes global growth with new CFO

20 Jun 2024

2

PR agency wins third consecutive award for public sector work Viva Wins Third Public Sector Award

PR agency wins third consecutive award for public sector work

20 Jun 2024

3

Crowberry Consulting presents Society for the Environment Awards 240604-SocEnv-Awards-34.jpg.jpg

Crowberry Consulting presents Society for the Environment Awards

21 Jun 2024

4

Case study: RfM Transform and Peter Reed International HR Trends from RfM Transform (22)-min.png.png

Case study: RfM Transform and Peter Reed International

21 Jun 2024

5

Seeking accountants to drive change in Lancashire Chris Brown - Brown & Co

Seeking accountants to drive change in Lancashire

21 Jun 2024

Lbv116 Ltb Strip980
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

Free 4 Week Growth Ignition Coaching Programme
UCLan Primary logo RKE.png.png
LBV Hub Seminars
19 Jun 2024 - 03 Jul 2024

Free 4 Week Growth Ignition Coaching Programme

Online, Preston, PR1 2HE

12:00 - 13:30

Yellow Day 2024 St Catherine's Park
YRD 2024_TV screen_V02.jpg.jpg
LBV Hub Fundraisers
23 Jun 2024

Yellow Day 2024 St Catherine's Park

St Catherine's Hospice, Preston, Lancashire

10:45 - 16:00

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
23 Jun 2024

Chamber Breakfast Networking

Whitewells Catering Supplies, Heysham, LA3 2XE

08:00 - 10:00

Adult Mental Health First Aid - Online Course
Youth MHFA.png.png
LBV Hub Seminars
25 Jun 2024

Adult Mental Health First Aid - Online Course

MS Teams, N/A, N/A

10:00 - 12:30

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
25 Jun 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
25 Jun 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Lancashire Net Zero Carbon Conference
Net Zero Carbon Social 1200px 4
Networking
26 Jun 2024

Lancashire Net Zero Carbon Conference

Ribby Hall Village, Preston, PR4 2PR

08:30 - 13:00

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
26 Jun 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
26 Jun 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 08:00

Business Networking in Lancaster - BNI Castle
EVENT LISTING BNI Castle.png.png
LBV Hub Networking
27 Jun 2024

Business Networking in Lancaster - BNI Castle

Vale of Lune RUFC, Powder House Lane, Lancaster, LA1 2TT

06:45 - 08:30

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
27 Jun 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin