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

Post Office future secured as council explores new options Abington Street Post Office

Post Office future secured as council explores new options

17 Sep 2025

2

Airframe Designs supports new defence strategy with pledge to nurture talent Jerrod Hartley

Airframe Designs supports new defence strategy with pledge to nurture talent

17 Sep 2025

3

Fox Group makes second acquisition since Stellex Capital backing Roger Thistlethwaite, managing director NMS Civil Engineering Limited. Paul Fox, CEO Fox Group. John Flood, Executive Director Fox Group

Fox Group makes second acquisition since Stellex Capital backing

17 Sep 2025

4

Villa at Wrea Green bought for £3.6m by Haythornthwaite family The Villa Wrea Green courtesy of The Villa Wrea Green

Villa at Wrea Green bought for £3.6m by Haythornthwaite family

16 Sep 2025

5

Fourth Lancashire Bodycare store to shut Nick Holloway of administrators Interpath

Fourth Lancashire Bodycare store to shut

16 Sep 2025

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
Sub36 Networking - Follow the signs
Sub36 Deaf Village Social1200
Networking
17 Sep 2025

Sub36 Networking - Follow the signs

The Deaf Village, Blackburn, BB2 5EN

10:00 - 12:00

LBV124 September/October Launch Event
MBP Arc Cinema Preston Opening 205
Networking
18 Sep 2025

LBV124 September/October Launch Event

The Arc Cinema, Preston, PR1 2BL

08:30 - 10:30

CMI Level 5 Management and Leadership Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Management and Leadership Course

Preston Campus, Preston , PR1 2HE

09:00 - 17:00

CMI Level 5 Project Management Course
UCLanAerialCampus.jpg.jpg
LBV Hub Seminars
21 Feb 2025 - 21 Feb 2026

CMI Level 5 Project Management Course

Preston Campus, Preston, PR1 2HE

08:00 - 17:00

The Business Network Central & East Lancashire
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

The Business Network Central & East Lancashire

Stanley House, Blackburn, BB2 7NP

11:30 - 14:15

Business Breakfast Networking Event
business workshop photo.png.png
LBV Hub Networking
17 Sep 2025 - 17 Sep 2025

Business Breakfast Networking Event

Media Factory, University of Lancashire, Preston, PR1 2HE

08:00 - 10:30

Ladies Lunch
Lancs-cham-logo.jpg.jpg
LBV Hub Networking
18 Sep 2025 - 18 Sep 2025

Ladies Lunch

Lancaster Golf Club, Lancaster, LA2 0AJ

12:00 - 16:00

Cumbria Business Expo 2025
https---cdn.evbuc.com-images-880461633-4862066883-1-original.20241022-110415.jpeg.jpg
LBV Hub Exhibitions
19 Sep 2025 - 19 Sep 2025

Cumbria Business Expo 2025

Carlisle Racecourse, Carlisle, CA2 4TS

09:00 - 15:00

Preston Freelancer Meet-Up: September
Sept Freelancer (1).png.png
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Preston Freelancer Meet-Up: September

Society1, Coworking Space, Preston, PR1 3LT

10:00 - 11:30

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation
Chorley Council breakfast event new
LBV Hub Networking
23 Sep 2025 - 23 Sep 2025

Your Business, Your Region: Making sense of devolution and Local Government Reorganisation

Worden Hall, Leyland, PR25 3DH

08:00 - 11:00

Speed Networking with BNI
2.png.png
LBV Hub Networking
24 Sep 2025 - 24 Sep 2025

Speed Networking with BNI

Chorley Football Club, Chorley, PR7 3DU

16:00 - 19:00

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day
MTD drop in session.jpg.jpg
LBV Hub Seminars
25 Sep 2025 - 25 Sep 2025

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) drop-in day, Blackburn, BB1 5QB

10:00 - 16:00

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 LBV124 Online Graphic
Subscribe now

Weekly news bulletin