Cpl Resources buys RIG Healthcare Group for £8.1m

Dublin-headquartered recruiter Cpl Resources has agreed a deal to buy 91% of staffing specialist RIG Healthcare Group for £8.1m.

Kent-based RIG has five offices across the UK and supplies medical professionals to the NHS with a focus on radiography, occupational therapy, pharmacy and physiotherapy.

In the year ended 31 December 2016 RIG Healthcare Group posted turnover of £53.5m. Cpl expects the investment to be earnings-enhancing from the date of completion.

Cpl says the acquisition was its entry into the locum doctor market and enhances its presence in the UK, following the acquisition of Clinical Professionals in September 2015.

Current RIG managing director Affi Khan will become its CEO, while Rob Bryan will be promoted to MD. Both are co-investing in RIG as part of the deal. 

Cpl said it expected revenue to be in line with market expectations in the year to 30 June 2017, with its pre-tax profit to be “slightly lower than current expectations”.

Cpl chief executive Anne Heraty said: "We are very pleased to expand our presence in the UK and welcome the highly talented professionals from RIG to CPL.

“The recruitment expertise and international talent pool of doctors and healthcare professionals provided by RIG brings immediate strategic value to Cpl's broad portfolio of innovative workforce solutions in the healthcare sector. This acquisition also allows us enter into doctor recruitment, which will deliver real value for our clients."

Khan said: "Our vision is totally aligned to that of Cpl and our entire management team is very excited about the growth potential this acquisition offers RIG. This marks the next stage in the evolution of our brand and we are delighted to be the part of the Cpl family.”

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