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  • Status: Current
  • Date: 2014
  • Sector:
    • Healthcare & Pharma Services

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Nurseplus is a leading specialist provider of care and support services for the healthcare industry. Sovereign has invested in the business to support the continued organic growth opportunity.

Investment Background

Nurseplus was set up in 2005 to supply agency care workers and nurses to nursing homes, residential care homes and private hospitals, alongside providing care in the home. By 2014, the business had 35 branches.

In 2014 Sovereign backed the Nurseplus founding management team to grow the business organically by rolling-out new branches in existing locations and in complementary regions of the UK.

Value Creation

  • Grown from 35 branches at investment to 52
  • Geographical diversification
  • Service line diversification into Home Care
  • Head of Technology appointed to enhance the candidate experience
  • As part of founder succession planning and to further professionalise the business through newly established roles, a new CEO, CFO and Chairman were identified.

The Story So Far

There continues to be opportunities to roll-out the Nurseplus offering further in the UK. When scaling up, ensuring that client service delivery is consistent and constant is key and this has required investment investment in technoloby, senior staff, infrastructure and processes. In addition a centralised support hub has been established to support the larger network of branches in aspects such as candidate screening, validation and on-boarding. Sovereign has been fully supportive of providing the mid-term funding necessary to allow the business to continue to scale and develop new services.

Today Nurseplus has over 50 branches UK wide and is a top 10 provider.

Sovereign continues to work with the management team to expand the business further to meet the increasing demand for its services.

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In their own words

There is plenty of scope for sustainable organic growth in our market. Developing our technology has been an integral part of our strategy, enabling us to strengthen the delivery of our service offering. In addition we are delivering new services such as Occupational Health and Care at Home; I'm really excited about the opportunities we are creating. To me it's about Nurseplus having its own service and making sure we look after the most vulnerable people in society.

Josh Collins / CEO / Nurseplus

Nurseplus Awards

HealthInvestor 2020 - Winner

HealthInvestor 2018 - Winner

Recruiter of the Year 2017 - Winner

Observer and Gazette Business Awards - Employer of the Year 2017 - Winner