- Redmoor represents the final investment from Palatine’s first Impact Fund
- Redmoor is a digital technology partner of the National Health Service (NHS)
- The company provides services ranging from design and project management to implementation and analytics
Palatine announced a “significant” investment in digital healthcare services provider Redmoor Health.
Based in Chorley in the UK, Redmoor Health is a digital technology service provider, partnered with the NHS. It provides a range of digital transformation services from design and project management to implementation and analytics.
The investment in Redmoor the final investment from Manchester-headquartered Palatine’s first Impact Fund, created to invest in companies tackling issues such as inequalities in education and jobs across UK regions, access to healthcare and climate change. According to Palatine, the firm is the first UK mid-market private equity house to raise a dedicated returns focused impact fund.
Palatine’s investment manager, Greg Holmes, and partner Beth Houghton, will both join Redmoor’s board.
“We were approached by 13 different investors but found that Palatine best matched our values, culture and commitment to improve healthcare and the environment,” said Redmoor Health founder and CEO Marc Schmid. “The pandemic highlighted the value that technology can make to healthcare and we look forward to accelerating our growth with Palatine as our partner.”
The deal builds on Palatine’s other investments in the healthcare and digital sectors, which include commitments in Routes Healthcare, tranScrip, Veincentre, FourNet and Acora.