Livingbridge buys Nourish Care Systems

The investment will allow the business to further enhance its platform and innovate its data to improve care, the sponsor said in a press release. Livingbridge will use its experience in investing in the social care, software, and healthcare sectors to help Nourish achieve its goal of improving the lives of care receivers and empower caregivers to support them.

Livingbridge 7 held an interim close on USD 1.2bn in May 2021. The fund focuses on acquiring small to medium-sized companies based in the UK for a controlling and substantial minority stake. The vehicle deploys tickets of up to GBP 150m in high-growth, entrepreneurial businesses with enterprise values of up to GBP 300m. It expects to make 20-22 deals over a five-year investment period. Much like predecessor funds, the investment strategy will remain focussed on its key sectors, including services, technology, consumer, and healthcare & education, according to Unquote Data.

Company
Nourish was founded in 2011 and is headquartered in Bournemouth. It provides a cloud-hosted digital care planning platform that provides care givers and carers with a range of services including accessing care records and enabling better care provision by harnessing data insight and reporting. The mobile app offers users personalised digital care plans, among other features. Nourish serves over 300 care providers across the UK in 1,800 settings.

People
Livingbridge – Sanjay Panchal (investment director).
Nourish Care Systems - Nuno Almeida (founder, CEO).

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