Latus Group, a Hull, UK-based occupational health service provider, received an investment from NorthEdge.
The amount of the deal was not disclosed. The deal was funded from NorthEdge Fund III and was led by Phil Frame, Partner, alongside Matthew Mellon and Mike Craven, Investment Managers. Phil Frame will join the board on behalf of NorthEdge, alongside Non-Executive Chair Graham Ewart. NorthEdge is backing the founders, Jack Latus (CEO), Sam Latus (COO) and Will Latus (CIO), alongside Alex Birkett (CFO) and their team of medical specialists and support staff.
The company intends to use the funds to accelerate organic growth and deliver strategic M&A.
Latus specialises in providing responsive occupational health services to UK businesses. It works across a range of industries, supporting employers to provide health and wellbeing support to the employees, ensuring that businesses are legally compliant, employees are safe and protected and that businesses can focus on growth and development.
Over the last two years, as well as delivering strong organic growth, the business has completed two strategic acquisitions and launched its proprietary health platform, Yodha.
FinSMEs
24/07/2024