A Bristol-based healthcare infrastructure specialist has received a £9m investment from BGF.
Archus, which provides a range of strategic and infrastructure consultancy and analytics services to health and social care organisations, said the funding from the growth capital investors will "drive continued growth in the UK and Ireland, as well as supporting plans to expand internationally".
Last year the firm launched in Ireland and now has begun mobilisation in the Canadian and Australian markets. BGF’s investment will enable Archus to grow its existing management team, with additional senior hires planned to aid growth as well as enabling ongoing innovation and expansion of the firm’s service offerings.
In addition to the investment, Karen Thomas-Bland will be joining Archus as non-executive chair. With over 25 years’ experience leading enterprise-wide business transformations, Ms Thomas-Bland will support Archus as it continues to expand into new territories. Sourced through BGF’s extensive Talent Network, Ms Thomas-Bland also sits on the board of fellow BGF-backed data science consultancy firm, Optima Partners.
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Richard Darch, chief executive and founder director said: “Since our launch in 2017, Archus has grown significantly within the UK, supporting our wide range of healthcare partners navigate ever changing and complex situations. As we address the global challenge of creating accessible and appropriate health care systems for future generations, BGF’s investment will unlock opportunities for us to impart our expertise into new territories, whilst continuing our work in the UK and Ireland.
“In reaching this significant milestone for Archus I’d like to thank the team at FRP Corporate Finance for their representation of Archus shareholders throughout this process and to the wider team of advisors who have made the investment possible.”
Shane Dineen, managing director of Archus in the UK and Ireland and founder director added: “This is an exciting time for Archus as we look to accelerate our growth as specialist healthcare consultants in the UK and internationally. BGF was a natural partner for us given an alignment of values, a proven track record of supporting people-based businesses and a flexible approach to investment.
“I would like to thank our clients, our partners and our people for their hard work and commitment over the last six years. Their efforts have contributed both to the success of our business and most importantly, to improving the health outcomes of the communities we serve. Our team are very much looking forward to working with BGF as we continue our work to positively shape the future of healthcare.”
Ms Thomas-Bland commented: "Archus has all the ingredients I look for in joining a business, a fantastic management team, exciting growth strategy and a strong culture and purpose. Archus’s ability to work across healthcare infrastructure from strategy to implementation and deliver an exceptional client experience positions the business really well for continued growth. I am super excited to be part of the growth journey moving forward".
BGF was advised by Ashfords and PKF Francis Clark.
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