2025

Warburg Pincus has acquired Health Partners Group

Health Partners Group

Established in 2016 by its co-founders Andrew Noble and Dr. Alasdair Emslie, Health Partners is the UK’s leading provider of integrated occupational health and wellbeing services for corporate clients. Headquartered in the UK, the company has grown rapidly to become the trusted partner to more than 700 private and public sector organizations, supporting the health of more than 3 million employees across the UK and Ireland. Health Partners delivers end-to-end solutions across the entire absenteeism management value chain, including assessment, treatment, and prevention. The group employs more than 1,300 clinicians and support staff, offering a broad range of services such as mental health support, physiotherapy, neurodiversity coaching, health screenings, onsite primary care and laboratory services.

The Deal

Lincoln International acted as the exclusive buy-side advisor to Warburg Pincus, drawing on the firm’s extensive expertise in the occupational health and safety services market and providing unique insights to support the investment thesis. Warburg Pincus will accelerate its investment in innovation — particularly in areas such as proprietary IT systems, digital health services and data-enabled service delivery — to maintain the highest standards of clinical care while continuing its strong growth trajectory.

Our Perspective

Dirk-Oliver Löffler, Lincoln International Managing Director and Co-Head of Healthcare Europe who led the transaction, commented, “We are delighted to have advised Warburg Pincus on its acquisition of Health Partners, one of the leading B2B healthcare services providers in the UK, providing a comprehensive range of services in the OHS/ OCC space. With the support of Warburg Pincus, Health Partners will be able to further grow the business in a highly attractive market.”

Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $87 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus funds have invested in companies such as United Internet, Ionos, easycash, IPAN, inexio, Infoniqa, Arsipa and Oyora since the late 1990s.

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With its strong sector experience in the OHS and healthcare services sectors, Lincoln International was able to offer insightful analysis which acted as a key contributor to the successful completion of the transaction. Lincoln International served as a trusted advisor, and we were thoroughly impressed by the level of dedication, responsiveness and commitment received from the entire deal team.
Max Fowinkel
Managing Director and Head of Europe Technology, Warburg Pincus

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