Capita buys healthcare jobs agency

31st May 2011 07:15

Outsourcing specialist Capita has acquired specialist healthcare recruitment firm Team24.Capita is paying an initial £24m for the recruiter, with up to £2m more payable depending on the firm's performance in the year to 31 March, 2012.Team24 provides nurses and doctors at short notice for a wide range of temporary placements across the National Health Service (NHS) and the private sector. Headquartered in Surrey, Team24 employs 80 staff and has around 4,000 doctors and nurses registered for placement. Clients include the NHS, prisons, doctors' surgeries and private practices. It also operates under a number of framework agreements, including the London Regional Nursing Framework.The company made a pro forma operating profit for its financial year to 31 March 2011 of £4.2m on turnover of £32.7m."Healthcare resourcing is a growth market with demand for doctors and nurses increasing in-line with the ageing population and government's focus on primary care, increased opening hours for GP surgeries and new services through NHS Direct. This acquisition will allow Capita to provide services to this growing market and complements a number of other services we offer to the public and private healthcare sectors," said Paul Pindar, chief executive of Capita. --jh