ThinCats, the leading alternative lender to mid-sized SMEs, has provided an £8m funding package to support specialist healthcare investor Apposite Capital LLP, with the acquisition of Health & Case Management Ltd (HCML), a leading service provider in the rehabilitation and case management arena.

HCML was established in 2003 and specialises in providing case management & treatment services to the insurance industry, solicitors and the corporate & public sectors; assisting injured and ill individuals to recover and return to work or to their pre-injury condition.

Apposite Capital is an independent investment firm focused exclusively on healthcare. It backs companies operating in health and social care, med-tech & medical products, pharmaceuticals & life sciences, and digital health.

The seven figure funding will help facilitate the acquisition and supercharge the business’s growth plans. Tatsu Partners advised the deal with Stephenson Harwood providing legal support to Apposite and Goodman Derrick to HCML. John Hayward Partner at Gateley supported ThinCats on the transaction, whilst Noel Baden-Thomas Managing Partner at Phoenix BSC provided Corporate Finance advice to the shareholders of HCML.

Nick Delaney, incoming CEO of HCML, said: “I am delighted to have the opportunity to lead HCML through the next exciting phase of its development and growth. I am fortunate to be inheriting a strong business with a fantastic reputation for quality and clinical excellence, an enthusiastic and committed management team and a real powerhouse of innovation sitting at its core. Apposite’s specialist interest in the healthcare market, along with their well-known commitment to enhancing clinical service levels at every opportunity, makes them the perfect partner for this venture and I look forward to working with them as I expand HCML’s operations.”

Rory Pope, Partner of Apposite Capital commented: “We are very excited to support HCML in its next phase of growth and work alongside Nick in executing his vision for the Company. HCML has a great management team, highly experienced and specialised case managers and an industry leading digital offering which has been welcomed by the market. It is in an excellent position to continue growing its core offering in specialist case management and treatment services while expanding into new service areas. We are looking forward to working with Nick and the team to continue driving HCML’s growth.”

We are keen to support ambitious businesses like HCML. The knowledge and experience within the management team led by Nick together with the support of Apposite who have a strong sector pedigree and an excellent track record, I am sure will see HCML continue to lead the sector in terms of service delivery and innovation.

Gary Nutley Senior Director (ThinCats)