Latus Group, headquartered in Hull, has successfully acquired OH Services Limited, further expanding its reach in the occupational health sector. This strategic move, backed by NorthEdge, enhances Latus Group’s capacity to serve diverse industries including oil, gas, and maritime.
Strategic Expansion with OH Services Acquisition
In a significant business development, Latus Group has acquired Immingham-based OH Services Limited (OHS), a provider renowned for its medical assessments in the oil, gas, and maritime industries. This acquisition, facilitated by NorthEdge’s financial support, is part of Latus Group’s strategy to broaden its geographical scope and medical service offerings.
OHS operates clinics in North East Lincolnshire and Yorkshire, catering specifically to safety-critical sectors. The integration into Latus Group is set to enhance service delivery and expand the group’s influence in the healthcare market.
Latus Group’s Vision for National Scale
Following the acquisition, Latus Group plans significant investments in new locations including Aberdeen and Norwich. These expansions are strategically aimed at serving key industries on a national scale, aligning with the group’s ambition to provide comprehensive, data-driven healthcare solutions.
Jack Latus, CEO of Latus Group, stated, “Our mission is to improve access to high-quality, data-driven healthcare in the workplace. The acquisition of OHS supports this ambition and demonstrates our continued commitment to providing safety-critical occupational health across some of the UK’s largest industrial businesses.”
The Role of OH Services in Industry
OHS plays a crucial role in the maritime and offshore markets, offering regulatory-driven healthcare services. Its integration with Latus will not only support existing national companies but also enhance service quality and reach.
Lynne Harrison, managing director of OHS, highlighted the importance of this merger, noting the combined potential to thrive under Latus Group’s esteemed reputation for service excellence.
With Latus Group’s dedication to health and safety, the collaboration is poised to improve the wellbeing of employees across various sectors in the UK.
Financial Backing and Future Prospects
NorthEdge’s backing was instrumental in facilitating this acquisition, marking a first for the Latus Group under new investment. The partnership aims to boost healthcare access and improve health outcomes nationally, setting the stage for future acquisitions.
Phil Frame, partner at NorthEdge, expressed enthusiasm about supporting Latus in its growth journey, emphasizing the acquisition as a cornerstone for scaling operations and fulfilling its healthcare mission.
Professional Insights and Strategic Goals
Muckle LLP, Cortus Advisory, and LWE Commercial provided critical support for the transaction, ensuring smooth execution and compliance. This professional guidance underscores the strategic goals of Latus Group in enhancing healthcare delivery.
The collaboration between OH Services and Latus Group represents a strategic synergy, aimed at leveraging complementary strengths to deliver improved occupational health services.
Future Implications for the Industry
The acquisition hints at Latus Group’s long-term plans to dominate the occupational health sector by establishing a robust national presence. Such strategic mergers indicate a shift towards more integrated healthcare service delivery models.
The UK’s occupational health landscape is set for transformation as Latus Group expands its reach, potentially setting new standards in healthcare service delivery.
This acquisition is expected to impact positively on the industry, offering businesses enhanced access to top-tier health services, crucial for maintaining employee wellbeing and productivity.
Conclusion and Strategic Vision
Latus Group’s acquisition of OH Services, backed by NorthEdge, signifies a major step towards achieving its strategic vision of enhanced national scale and service delivery. This move is expected to positively influence the occupational health sector in the UK, providing businesses with improved health outcomes and services.
With this strategic acquisition, Latus Group is well-positioned to redefine the occupational health sector in the UK. Leveraging its expanded services and national reach, the group aims to set new benchmarks in workplace health and safety.
