Bringing you live news and features since 2006 

Octopus completes investment in Healthcare and Services Technology Group

RELATED TOPICS​

Octopus Investments has completed an investment in Healthcare and Services Technology Group (HST), owners of Care Monitoring 2000 (CM2000) and Ezitracker, specialists in the provision of remote workforce management software solutions.

Founded in 1999, CM2000 has become a global supplier of patented, telephony based monitoring, scheduling and management information services to the health and social care sectors. CM2000’s innovative services are unique, monitoring both the time spent with Service Users and patient wellbeing.  The company’s services are used extensively by homecare providers throughout the UK and in the United States, helping them to save money, improve quality of service and win new business. CM2000 is based in Sutton Coldfield and has offices in Glasgow and Clearwater, Florida.
 
The Group acquired Ezitracker in 2013. Ezitracker provides remote workforce management services to homecare providers, facilities management companies and other organisations that employ large numbers of field-based staff.  Ezitracker has offices in Cwmbran, Australia and New Zealand.
 
The investment from Octopus will enable HST to deliver sustained investment in new technologies across both businesses and to develop its markets both at home and overseas.
 
Grant Paul-Florence (pictured), head of the Intermediate Capital team at Octopus, says: “The management team at HST have built world class businesses which have the potential for significant growth not only in the UK but across a number of other markets, including the U.S. A growing ageing population and the need for better cost efficiencies across the care sector mean that the market opportunity is very exciting. Through this investment we are backing a business with the technologies, ambition, opportunity and management team to become the global leader in its field.”
 
Peter Longman, CEO of HST, says: "The partnership with Octopus means we are able to accelerate growth of the business across markets, strengthening our position as a competitive, global player, in the provision of remote workforce management software. The deal will also ensure we continue to deliver service excellence which is synonymous with both the CM2000 and Ezitracker brands.”
 
Joe Hartman led the deal for Octopus with support from Clara Hansen and both will join the Board.  Octopus was advised by Shoosmiths (legal), Baker Tilly (financial due diligence), CIL (commercial due diligence), Aon (insurance due diligence) and Intuitus (IT and Technical).

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by