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World – Acacium Group acquires Australia-based Sanctuary Recruitment

14 March 2023

Acacium Group, the London-based healthcare and clinical/scientific staffing provider, announced that it has acquired Sanctuary Recruitment, an Australian-based aged care recruitment consultancy.

The price of the transaction was not disclosed.

Sanctuary is a specialist aged care recruitment organization, providing a personalised and professional service to clients and candidates across Australia.

The deal gives Acacium Group a substantially larger presence in Australia, expanding the staffing offering to clients and strengthening the group’s position as a leading global healthcare delivery partner. The group has services and staffing operations across the US, Europe, Asia and Australia.

In the last two years, Acacium Group has successfully acquired and integrated US-based healthcare staffing firm Favorite Healthcare Staffing, R&D Partners, a specialist in placing highly skilled contractors in the areas of scientific and clinical research and Dunn Regulatory Associates, a specialist provider of regulatory strategy services.

“We are incredibly excited about joining Acacium Group,” said co-founders Richard Parnell and Mitch Harmer. “Together, we can draw on our combined expertise to strengthen our offering to clients and healthcare professionals.”

Mike Barnard, Acacium Group CEO, said, “I am delighted that Sanctuary Recruitment has joined Acacium Group. This partnership will enhance our combined client and candidate offering, support the group's diversification and give us a substantially larger presence in Australia. I look forward to the future and what our combined expertise can deliver for our clients.”

Acacium is a portfolio company of Canadian private equity firm Onex Corp.