PE backed MBO at Audiological Science
Tue, 25 Feb 2025 | BUSINESS SALE
YFM Equity Partners has backed a £12.35 million management buy-out (MBO) at UK independent audiology specialists, Audiological Science.
Headquartered in London and operating nationwide, Audiological Science provides hearing tests, hearing aids, and a broad range of audiology services to both NHS and private-pay patients.
The prevalence of hearing loss is of increasing concern, with the Royal National Institute for Deaf People (RNID) estimating that today 18 million people in the UK are deaf or have hearing loss or tinnitus. That’s 1 in 3 adults, a number which is growing due to the ageing population and increased damage caused by exposure to loud noises through headphone use. Despite this, only 2 million people use hearing aids, with adoption growing thanks to increased awareness and better, more discreet technology.
Founded in 2014, Audiological Science has grown significantly to meet increasing demand and now works with nine Integrated Care Boards across England. As a specialist community-based provider, it plays a crucial role in supporting the NHS in its ambition to take low-complexity ear care out of hospital settings, reducing waiting lists and freeing up hospitals to focus on more complex cases.
YFM’s investment will support the company's ambitious growth plans, enabling further expansion into additional NHS regions as demand for community-based care continues to rise.
YFM is backing incumbent managing director Deep Patel, an experienced audiologist and business leader with 14 years’ experience to lead the business through the next phase. “YFM are helping us to lay the foundations for the next phase of our growth journey,” said Patel. “Their financial support is complemented by leading strategic insight, which will ensure we’re perfectly positioned to achieve our scale-up ambitions.”
Adam Hart, investment director at YFM, added: “Deep and his team have really impressed us with their strong insight into the audiology market, and how they have developed a scalable model with community care at its heart.”
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