Consumer demand for private healthcare has increased by 63% since 2013, according to new research.
Award winning Compass Executives are one the of the leading health and social care executive search firms in the industry. Our specialism is the independent sector supporting leading Private (PE and privately owned), Not for Profits and Charitable organisations that span the full breadth of the health and social care space.
According to the July 2017 edition of LaingBuisson’s HealthCare Markets review in conjunction with the ONS, the independent sector now accounts for 26.07% of the value of the £185bn UK health industry – £42.44bn – and plays a significant role in virtually every aspect of health and social care. This share is expected to grow in the coming years. This provides us with a unique view point to really drill down on the detail of what is actually happening within the sector and is vital when sourcing the most appropriate talent for our clients.
Independent healthcare sub sectors that we cover:
- Care homes: elderly / physically disabled adults: £14.6bn – 93% market coverage for the independent sector
- Care homes: learning disabilities / mental health: £9.49bn – 94% market coverage for the independent sector
- Private Acute Medical Care: £0.61bn – 10% market coverage for the independent sector
- Mental health hospitals: £0.47bn – 31% market coverage for the independent sector
- Homecare and Supported Living: £6.24bn – 96% market coverage for the independent sector
- Children’s homes: £1.09bn – 78% market coverage for the independent sector
- Special education needs: £1.09bn – 26% market coverage for the independent sector
- Foster care: £1.05bn – 55% market coverage for the independent sector
- Primary medical care: £0.95bn – 9% market coverage for the independent sector
- Community health services: £3.59bn – 31% market coverage for the independent sector
- Dentistry: £3.27bn – 52% market coverage for the independent sector
The role of private equity
Figures released in January 2015 suggest that private equity organisations within the health, social and education markets amounts to 5.6% of the UK industry. Translated into the independent sector, 17.2%. This multi billion pound market is increasing with investors seeing opportunities in public sector spending niches (in particular mental health and learning disability sectors) where they can rejuvenate stale and neglected services and add value to both service users and their own orgs over a planned period of time. In order for equity houses to make their multiples then quality is paramount, it can be argued more so than traditional services as their motives are weighted towards financial gain. This model, in a highly regulated industry with public media profiles ensures that their activities, governance and principles are aligned with public interest.
Not every company is suitable for private equity investment. Forecasts do expect their market share to increase steadily in the future. At Compass Executives we work with many leading equity houses and are well versed in what talent is attractive and the attributes required to work in this growth orientated environment.
If you are a candidate with the ambition to work in private equity then please contact Sam Leighton-Smith for more information.