A healthcare training provider is set to expand after a successful acquisition.
Miad Healthcare, based in Reading, which provides non-clinical training to the UK healthcare market, has been acquired by Telford-based TTC Group.
The acquisition was negotiated and delivered by corporate finance specialists Watersheds.
Miad Healthcare offers training in areas such as leadership and development, business and governance, and patient safety.
The company supports organisations in primary, secondary, and community care, ensuring they are well-equipped to meet the increasing demands of the healthcare sector.
The acquisition by TTC Group, a training provider, will allow Miad Healthcare to develop its services in line with the changing needs of the industry.
Libby Ryan, managing director of Miad, said: "Miad is a small organisation with not many staff and so we were in need of finding a bigger ‘engine’ to help us drive growth after reaching a plateau in terms of what we could achieve on our own.
"There are a lot of synergies and opportunities between Miad and TTC Group and we expect to see huge efficiencies especially in how we run resources and processes moving forward.
"We’re very pleased to be taking all of our staff on this journey with us and to also be working alongside TTC’s experienced management team."
She also praised Watersheds for their guidance and support throughout the process.
John Stopher, partner at Watersheds, said: "The public healthcare sector has experienced a lot of change in recent years, which presents businesses like Miad with opportunities to expand their offering, ultimately upskilling healthcare workers to meet the needs of a growing population.
"Miad has a successful track record and maintains a pivotal position in helping to improve the healthcare offering in the UK.
"There is significant growth potential on the horizon for Miad, however the company needed additional resource in terms of staffing, technology and operational efficiencies in order to achieve this.
"TTC Group is a growing training group, initially specialising in driver training but expanding into the wider training market.
"TTC offered the additional resource Miad needed to capitalise on its growing portfolio of opportunities, making them the perfect fit."
The acquisition will allow TTC Group to expand into the healthcare sector, while Miad will benefit from the additional resources provided by TTC.
This will enable Miad to continue its work in supporting the healthcare sector, which is facing increasing demands.
The acquisition is expected to bring about significant efficiencies in the way Miad runs its resources and processes, helping the company to continue its growth and development.
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