Business
Acquisition of PAM Healthcare Limited
Optima Health PLC has agreed to acquire PAM Healthcare Limited for approximately £100 million in cash, a move expected to be transformational and accretive to earnings. This acquisition, which is conditional on Irish FDI clearance, will be financed through £70 million in new debt facilities and a £30 million unsecured bridge facility from Deacon Street Partners, which is intended to be repaid via a £35 million open offer to shareholders at 175 pence per share. PAM Healthcare generated £66.6 million in revenue and £8.2 million in adjusted EBITDA in 2025, and the combined entity anticipates over £5 million in annual synergies by the third year post-completion, significantly strengthening Optima's market leadership in occupational health and wellbeing services. Disclaimer*
About this update from Optima Health Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF OPTIMA HEALTH PLC. PLEASE SEE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\nFOR IMMEDIATE RELEASE\n16 February 2026\nOptima Health plc\n(\"Optima\", the \"Company\", and, together with its subsidiaries, the \"Group\")\nAcquisition of PAM Healthcare Limited\nOptima Health (AIM: OPT), the UK's leading provider of technology enabled corporate health and wellbeing solutions, is pleased to announce it has entered into a share purchase agreement (the \"Acquisition Agreement\") to acquire the entire issued share capital of PAM Healthcare Limited (\"PAM\"), one of the UK and Republic of Ireland's leading occupational health and wellness service providers, for a total cash consideration of approximately £100 million on a debt-free, cash-free, normalised working capital basis, subject to customary adjustments (the \"Acquisition\"). Completion of the Acquisition is only conditional on clearance being obtained from the Irish Foreign Direct Investment regime (\"Irish FDI\"), which is expected to be received within 90 days of signing the Acquisition Agreement in line with Section 16(3)(a)(i) of the Screening of Third Country Transactions Act 2023 (\"Completion\"). Once completed, the transaction will mark an exit for leading UK private equity investor, LDC.\nThe Acquisition cements Optima's position as the leading provider of occupational health and wellbeing services in the UK and builds upon Optima's existing presence in Ireland. In previous statements Optima has been clear that it is targeting £200 million revenue and £40 million adjusted EBITDA (20 per cent. adjusted EBITDA margin) in the medium term. The Acquisition is a transformational step forward in achieving this as the Company executes its long-term strategic plans, creating a holistic and integrated service offering deepened in breadth and scale in th...