Occupational health and corporate health services provider PAM Group has acquired Corporate Health Ireland (CHI).
The consultant-led occupational health services provider launched in 1999, and has 100 staff, annual revenues of €11m with clinics in Dublin, Cork, Waterford and Limerick.
Its services include medical assessments, health surveillance, absence management and flu vaccinations.
CHI serves a client base across the public and private sectors, including pharmaceuticals, chemicals, technology, manufacturing and financial and professional services.
CHI will retain its brand identity and will continue to be led by Dr Sheelagh O’Brien in Dublin and Dr Martin Hogan in Cork following the deal.
Financial terms of the transaction are not being disclosed.
James Murphy, chief executive at PAM, (pictured) said the acquisition is a strategic move that enables the group to grow its own service offering and to expand its geographical presence in Ireland. In addition, clients of CHI will have access to PAM’s range of services.
“I am delighted to have Corporate Health Ireland as our brand in Ireland,” Murphy continued.
“There is a strong cultural fit between CHI and PAM, as both companies recognise the value of colleagues and the services that they provide to clients.
“CHI has a great management team, and we will provide them with the necessary level of resources and support to expand in Ireland. This acquisition also allows PAM to access new clients and grow our own service offering.”
Hogan said: “Being part of PAM Group will enable us to expand and increase our services to existing and new clients in Ireland.
“The support and investment in our colleagues from PAM, such as through continued professional development and systems, will strengthen CHI without changing the success factors upon which we have built the business.
“CHI will continue to be managed by our existing leadership team, who know our clients and are key to delivering our services. We are eagerly looking forward to the future as part of the PAM Group.”
CHI is PAM’s third acquisition of 2023.
Earlier this month, the group announced the acquisition of the occupational physiotherapy business of Connect Health following on from the acquisition of MedProtect in early 2023. At the time PAM signalled that it would be seeking further acquisitions.
PAM is backed by private equity firm LDC to support its growth and the launch of new products and services.
PAM was advised on the acquisition of CHI by Hill Dickinson, Dow Schofield Watts, RSM Ireland and Dublin law firm ByrneWallace. CHI was advised by accountants Quintas and law firm J W O’Donovan Solicitors, and Benchmark International, all based in Cork.