A Swindon firm has facilitated the expansion of a business specialising in healthcare training.
Corporate finance specialists Watersheds brokered the sale of Miad Healthcare to Telford-based TTC Group.
The acquisition will allow Miad Healthcare, which is based in Reading, to expand its non-clinical healthcare training services.
The business provides training in leadership and development, business and governance, and patient safety to organisations in primary, secondary, and community care.
The acquisition by TTC Group, which began in driver training but is expanding into the wider training market, means Miad can now grow to meet the increasing demands on the healthcare sector.
Libby Ryan, managing director at Miad, said: "Miad is a small organisation with not many staff and so we were in need of finding a bigger 'engine' to help us drive growth after reaching a plateau in terms of what we could achieve on our own.
"There are a lot of synergies and opportunities between Miad and TTC Group and we expect to see huge efficiencies especially in how we run resources and processes moving forward.
"We're very pleased to be taking all of our staff on this journey with us and to also be working alongside TTC's experienced management team."
Ms Ryan thanked Watersheds for their "excellent advice and support," saying: "They showed huge attention to detail and it was clear that they really cared about what they do.
"As someone with no previous experience of selling a business, as well as needing to continue running the business on a day-to-day basis at the same time, they expertly guided me through the sale."
Watersheds partner John Stopher added: "The public healthcare sector has experienced a lot of change in recent years, which presents businesses like Miad with opportunities to expand their offering, ultimately upskilling healthcare workers to meet the needs of a growing population.
"Miad has a successful track record and maintains a pivotal position in helping to improve the healthcare offering in the UK.
"There is significant growth potential on the horizon for Miad, however, the company needed additional resource in terms of staffing, technology and operational efficiencies in order to achieve this.
"TTC Group is a growing training group, initially specialising in driver training but expanding into the wider training market.
"TTC offered the additional resource Miad needed to capitalise on its growing portfolio of opportunities, making them the perfect fit."
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