AJM Healthcare plans to boost future growth after securing private equity investment
NHS wheelchair services provider AJM Healthcare has secured an investment from private equity firm Livingbridge which it hopes will enable it to expand its vital services to more wheelchair users.
A clinically led service focused on meeting the diverse needs of users, AJM Healthcare (AJM) employs over 270 staff and provides services for over 100,000 wheelchair users across 13 locations in England.
The investment builds on Livingbridge’s strong heritage in the healthcare sector, having completed over 25 healthcare investments globally.
Livingbridge has stated that it is firmly committed to AJM’s clinically led model and focus on market leading outcomes.
Its partnership, it says, will support AJM’s continued growth and enable more service users to benefit from AJM’s high standards of service delivery.
The investment has been made through Livingbridge’s Enterprise 3 fund, which invests in fast growth SMEs. As part of the transaction management have reinvested in the business.
James Titmuss at Livingbridge, said: “We are very pleased to be partnering with such an inspiring company as AJM Healthcare.
“Our focus will be on helping the business to offer its vital services to more wheelchair users, while preserving the high standards of care and clinically led model that are so valued by commissioners and service users.”
Stephen Peck, Chief Executive Officer of AJM Healthcare, said: “We are delighted to be taking this next step in our growth journey with Livingbridge, a partner with an abundance of experience in the healthcare sector, and one that shares our vision of delivering wheelchair contracts the right way”.
Last year, AJM Healthcare gained CECOPS Corporate Accreditation for its community equipment, integrated wheelchair services and approved repairer services.
During the pandemic, the provider has also been supporting the COVID-19 vaccination programme by providing wheelchairs within its local wheelchair services areas in the UK to help elderly and disabled individuals attend their appointments.
The company provides wheelchair services for NHS Brent CCG, NHS Ealing CCG, NHS Milton Keynes CCG and many more CCGs nationwide.
