We are delighted to announce the completion of 2 business sales to TTM Healthcare this summer
Deal 1 – Rota
In June we completed the sale of Rota, a workforce management platform that connects workers with shifts. This strategic sale will enable TTM Healthcare to add an advanced technological solution to its customer offerings, contingency workforce resources and its total healthcare solutions for clients. We have worked with Rota previously and were pleased to be able to engineer this exit for shareholders. This transaction is indicative of our growing activity levels in the HR Tec / Rec Tec market.
Deal 2 – MMA Healthcare Recruitment
In August we completed the sale of MMA Healthcare Recruitment, a long established international workforce solutions provider, placing international nurses with clients in the UK. Nurses are sourced through MMA’s network of offices in South Africa, India and The Philippines. We initially started advising MMA pre-Covid but the business was materially impacted by travel restrictions, so exit plans were paused until the business recovered. The founder of the business Melinda Moolman remains with the business and has retained an equity stake.
Commenting on the deals, Philip Ellis of Optima said “We have had an extremely business summer and completing these 2 transactions with TTM Healthcare illustrate well the range of deals with which we are involved in the recruitment market. Rota was an outright sale for shareholders of a technology platform, whereas the MMA transaction was a partial sale with many components to the overall consideration, including the retention of equity, in the healthcare recruitment market in which we have completed numerous transactions over the years. Our pipeline suggests that the remainder of 2022 will be extremely business, a pattern which at present looks set to continue into early 2023”