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UK – Healthcare staffing firm Hallam Medical secures £3.3 million investment

22 April 2014

Temporary staffing firm Hallam Medical has secured a £3.3 million investment from private equity house Key Capital Partners (KCP). The Sheffield-based business, which supplies the NHS and private healthcare providers in the primary care markets, is forecasting sales of £14 million in the year to April 2014, reports The Yorkshire Post.

Hallam was founded in 2007 and employs 40 staff and deploys around 400 nurses. The firm opened its London office in 2013 to expand its offering to clients in the south of England.

Hallam Chief Executive Scott Davies said: “We are delighted to welcome KCP on board as a partner as we look to expand our business across the UK. KCP’s staffing industry expertise is second to none, and this was key in our decision in wanting them to be our funding partner. We look forward to working closely with the KCP team to execute our business plan.”

KCP investment partner Mike Fell and director Philip Duquenoy managed the transaction. As part of the investment, Mr Duquenoy will join Hallam’s board as a non-executive director.

Mr Fell said: “We very much look forward to working with the management team, who have transformed the company from a start-up into a profitable and cash generative business that is a market leader in the provision of highly qualified nursing staff to the primary care sector.”

“With the shortage of senior NHS staff expected to worsen in the next five years, there is a huge opportunity for Hallam to grow rapidly. We are pleased to be part of the journey and will offer the support necessary to assist the team in building a valuable business in an attractive and growing sector,” he added.