Rehabilitation and care management solutions provider HCML has bought employee health risk management specialist Healthcare RM.
HCML said the acquisition will mean it can offer employers a “one stop shop” for health and safety, occupational health and health and wellbeing benefits. It added the combination of both businesses would strengthen opportunities to access new markets.
Following the deal Healthcare RM will also gain access to its in house developers to work on its growing digital capabilities.
Meanwhile HCML will benefit from the Healthcare RM integrated health and wellbeing platform which collects data for employers aimed at driving significant cost savings for employers and benefits for employees.
Healthcare RM will continue to operate under its name as a subsidiary of HCML with the current senior management team and staff all remaining in place.
HCML was supported in this deal by its private equity investor Apposite Capital.
Nick Delaney, CEO of HCML, (pictured) said: “Increasingly, this market is moving away from traditional reactive occupational health solutions and looking for whole of workforce data-driven preventative engagement with employees.
“Healthcare RM is a thought-leading business in the corporate health and wellbeing market with a range of blue-chip customers including Centrica, IHG and DHL, as well as working closely with the NHS.
“Adding its highly reputable services will significantly enhance HCML’s ability to offer innovative solutions to the full range of private medical insurance and group income protection insurers, corporate healthcare trusts and corporates themselves.”
Delaney added he was looking forward to working with the Healthcare RM management team led by CEO Dr Pamela Gellatly.
Gellatly added: “Over the last eight years our data has identified that there is a strong correlation between ill health and underlying personal risk factors that are often both physical and psychological.
“At a time when employee wellbeing is so high on the corporate agenda, joining forces with HCML will enable the two organisations to offer employers, insurance companies and intermediaries a service which is truly unique, and which can demonstrate results.”
