Irish-based specialist healthcare recruitment firm TTM Healthcare Group has announced that the private investment company Broadlake will acquire a 30% stake in the business. The investment will create 500 new jobs in the UK and Ireland over the next five years.

The business will continue to be led by founder and CEO Brian Crowley and Group MD Barry Pactor. As part of the investment, Pete Smyth, CEO of Broadlake, will join the TTM Group Board.

“TTM has grown rapidly in recent years and this investment will help the company to reach new heights in terms of both expanding the team and our service offering to clients, “Brian Crowley, CEO of TTM Group, said. “We can see huge opportunities in the next five years. The World Health Organisation has indicated that demographic changes in most western European countries is leading to an older population with more complex medical needs, while at the same time fewer young people are choosing healthcare careers.” 

Broadlake will support TTM’s strategy to triple revenues and double the workforce in the next five years through a mixture of organic and acquisitive growth, enhancing its range of healthcare services and further extending its international reach.