Niall Chantrill
23 March '22

3 minute read

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Cooper Parry’s Deals and Transaction Tax teams have completed their latest deal, this time advising Nourish Care Systems (Nourish) on the management buyout backed by Livingbridge.

Nourish is a leading provider of digital care planning software to the UK social care sector. The transaction underlines Cooper Parry’s commitment to supporting businesses operating across the Technology/SaaS and Healthcare space – two sectors which have shown incredible resilience during the pandemic and continue to attract significant M&A activity.

Livingbridge’s 20+ years of social care, health care and software experience, will provide Nourish with the support to fully realise its mission of improving the lives of those in care, and empowering those who support them.

Founded in 2011, Nourish is a cloud-hosted Digital Care Planning Platform supporting care providers and carers in the evidencing, and accessing of care records, and enabling better care provision using data insight and reporting. Over the past few years Nourish has grown rapidly and now serves over 300 care providers across over 1,800 settings in the UK from its headquarters in Bournemouth.

Livingbridge’s investment will enable Nourish to further develop its best-in-class platform, continue to innovate in the use data to improve care outcomes and broaden the care settings Nourish can support to positively impact as many lives of those in care as possible.

Nuno Almeida, Founder and CEO at Nourish, commented:

“The team at Cooper Parry gave us great support, they understood the brief and were very outcome-driven – they were great in terms of providing guidance to management, engaging, and communicating with all stakeholders, and above all by confidently managing all streams of work.

A deal of this nature will always put pressure on management, but our advisors helped us manage this pressure, supported us, and guided us through the process in a way that reduced disruption as the company continues on its growth journey.”

Niall Chantrill, Cooper Parry Deals said:

“The pandemic has shone the spotlight on health and social care and highlighted the need for greater adoption of technology across the sector. Nourish is at the forefront of driving digital transformation that will enhance the quality, safety and efficiency of social care.

We are thrilled to have supported the Nourish team on this transaction and look forward to seeing the business flourish alongside their new partners Livingbridge.

The deal underlines Cooper Parry’s private equity expertise and commitment to supporting businesses operating across the HealthTech space.”

Listen to what else Nuno had to share about the Cooper Parry Corporate Finance Team at this year’s annual healthcare event.