Medmark, Ireland’s largest and most established occupational healthcare provider, today announced a significant strategic investment from Phoenix Equity Partners (“Phoenix”). The investment will support the company's next phase of growth, expansion and innovation across the island of Ireland.
The investment represents a major milestone for Medmark following a period of sustained expansion. Founded in 1987, Medmark supports more than half a million employees nationwide through a comprehensive range of occupational health, health screening, workplace medical assessment and employee wellbeing services. Operating from nine locations across the island of Ireland, the company is the market leader in occupational health, serving public and private sector organisations of all sizes and helping employers to create safer and healthier workplaces.
The partnership with Phoenix will enable Medmark to accelerate a number of strategic initiatives already underway across the business. This includes expanding its clinical and operational teams, investing further in technology and digital health platforms, enhancing customer reporting and service delivery capabilities, and broadening its geographic reach. The investment will also support Medmark in pursuing complementary acquisition opportunities and developing new services to meet the evolving occupational health and workplace wellbeing needs of employers across Ireland. As employee health becomes an increasingly important priority for businesses and public sector organisations, Medmark is well positioned to help employers manage health-related risk, support employee participation and productivity, and deliver wider health, wellness and economic benefits, while maintaining the clinician-led approach and culture that have underpinned the company's success to date.
Dr Robert Ryan and Paul O'Grady will continue to lead Medmark's day-to-day operations and strategic direction. Phoenix will support the business through board-level involvement, capital investment and access to operational expertise to help accelerate growth and development initiatives.
Commenting on the investment, Dr Robert Ryan, CEO, Medmark, said:"This investment represents a landmark moment for Medmark and reflects the exceptional progress our team has made in recent years. What is particularly exciting about this next chapter is not only the opportunity to continue growing our business, but also to deepen the impact we have on the lives of those we serve.
“Medmark's strength has always been rooted in the expertise, dedication and professionalism of our clinical and non-clinical teams. Together, we are uniquely positioned to support employers in creating healthier workplaces, help employees optimise their health and wellbeing, and assist individuals in managing health challenges while remaining active, productive and fulfilled in their professional lives.
“As demand continues to grow for occupational health, health screening and health surveillance services, we see significant opportunities to expand our contribution and continue delivering meaningful value for employees, employers, healthcare professionals and society more broadly, while ensuring the quality, clinical excellence, customer service and values that define Medmark remain unchanged. I would like to thank Clearwater, our corporate finance advisers, for their advice and support throughout this process."
Phoenix is the UK’s leading mid-market backer of founder-entrepreneur-owned businesses, having successfully worked with 60 founders over the last two decades. Their philosophy is rooted in nurturing founders, their teams, and the entrepreneurial businesses and cultures they have built.
Barry Robinson, Partner at Phoenix Equity Partners, said: “From our first meeting with Robert and Paul, we have been hugely impressed by the market leading business they have built. At the core of their success has been a clear and consistent focus on clinical excellence over many years, supported by an outstanding and people centric culture.
“Each of our investments is underpinned by deep sector research and a strong belief in the founders’ vision, and we believe Medmark is well placed to benefit from growing demand for occupational health and workplace wellbeing services across Ireland.
“We are really excited to be partnering with Robert, Paul and the wider management team to support Medmark on the next stage of its growth journey.”
