Ascenti Health has been acquired by bd-capital partners
Arrowpoint Advisory's Healthcare sector team has advised Ascenti Health (“Ascenti”), a technology-led disruptor in the UK physiotherapy and mental wellbeing markets, on its sale to bd-capital partners (“bd-capital”).
Ascenti started in 1996 as a small rehabilitation business helping victims of motor accidents recover from injury, and through organic growth and a series of acquisitions over the last 20 years has grown into the UK’s leading independent network of physical wellbeing services serving individuals, corporates, insurance companies, private medical insurers, and the UK government. Ascenti’s market-leading digital proposition is the only ‘end-to-end’ technology in the market. These systems, developed in-house by Ascenti, provide effective referral management, assessment and triage, practitioner allocation, booking engines, monitoring of outcomes and feedback to those paying for the services.
bd-capital, established in 2019 by Richard Baker (former FTSE CEO and Chairman) and Andy Dawson (former Advent International Investment Partner), takes an operationally-led approach to its partnerships with businesses. bd-capital’s extensive operational expertise will help accelerate Ascenti’s growth and development as the market leading digitally-led national network of physiotherapy and mental wellbeing services, helping improve the lives of thousands of people across the UK every day.
Stephanie Dobrikova, CEO of Ascenti, said: “The Arrowpoint Advisory team are an absolute pleasure to work with. Their advice, guidance and industry insight has been excellent throughout and they worked incredibly hard to find us the right partners for the next stage in our exciting journey.”
Bec Schultz, Investment Director of bd-capital, added: “It has been a pleasure to work with the Arrowpoint Advisory team; their open and collaborative approach enabled a seamless and efficient process from kick-off to completion. Most importantly however, Arrowpoint understand that a transaction is often the first step in a long-term partnership between a seller and buyer - their ability to facilitate this relationship, as well as a successful transaction for both parties, sets them apart.”
Karen Dawaf Harron, Director and Head of Healthcare at Arrowpoint Advisory, concluded: “Ascenti is a pioneer in the physical wellbeing sector with a national network of clinics and practitioners and a market-leading digital proposition. The business has continued to adapt to the evolving needs of its clients and markets and is using technology to drive much-needed change and best practice. Stephanie and her team have built a unique platform and have an exciting future ahead. We were delighted to support them to find the right partner in bd-capital to take the business to the next stage. It was a real pleasure to work with the team and we will watch with interest as the business continues to go from strength to strength.”