Benchmark International is pleased to announce the acquisition of Corporate Health Ireland (CHI) by UK based PAM Occupational Health Services Group.
Corporate Health Ireland, which was established in 1999, provides consultant-led occupational health services across Ireland from clinics in Dublin, Cork, Waterford and Limerick.
It has 100 staff and annual revenues of €11 million. Financial terms of the transaction were not disclosed.
It serves a wide client base across the public and private sectors, including pharmaceuticals, chemicals, technology, manufacturing and financial and professional services.
Corporate Health Ireland will retain its brand identity and will continue to be led by Dr Sheelagh O’Brien in Dublin and Dr Martin Hogan in Cork.
James Murphy, chief executive of the Warrington-headquartered Pam Group, said the acquisition would enables the group to grow its own service offering and to expand its geographical presence in Ireland.
“I am delighted to have Corporate Health Ireland as our brand in Ireland,” Mr Murphy said. “There is a strong cultural fit between CHI and Pam Group, as both companies recognise the value of colleagues and the services that they provide to clients”1
Speaking on the deal, PAM chief executive, James Murphy called it a "strategic move" to expand its geographical presence in Ireland, adding, "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.2
“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 Group to access new clients and grow our own service offering.”
Dr 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 Group, such as through continued professional development and systems, will strengthen CHI without changing the success factors upon which we have built the business.
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.
Gleeson, Colin. “Corporate Health Ireland bought by UK-based Pam Group.” The Irish Times, 30 August 2023, https://www.irishtimes.com/business/2023/08/30/corporate-health-ireland-bought-by-uk-based-pam-group /. Accessed 1 September 2023.
Walsh, Emer, and Fergus Finlay. “Corporate Health Ireland acquired by UK services provider.” Irish Examiner, 30 August 2023, https://www.irishexaminer.com/business/companies/arid-41215456.html. Accessed 1 September 2023.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $10 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.