Wokingham's Inuvi expands through Express Diagnostics acquisition

By Tom Kilkelly

11 July 2023

Share

The Business Magazine article image for: Wokingham's Inuvi expands through Express Diagnostics acquisition

iStock

Wokingham health company Inuvi has purchased health diagnostic services company Express Diagnostics.

Finances for the deal are as of yet undisclosed.

Express Diagnostics, founded in 1994, specialises in providing cardio-respiratory diagnostic services as well as audiology and health screening services. The company provides patient-focused diagnostics to the NHS, the independent healthcare sector, and the clinical trials industry.

PKF Francis Clark supported Inuvi on the acquisition, with Sam Phillips and Tom Slade carrying out financial due diligence, and tax due diligence provided by Nicola Manclark and Callum West.

Visit Hampshire Biz News for bright, upbeat and positive business news from the county

Corporate Finance Director at PKF Francis Clark, Dave Armstrong, said: “Over the past 29 years, Express Diagnostics has grown to become a leading cardiology service provider for the NHS and clinical trials industry, as well as establishing its own private clinic in Plymouth. The acquisition of Express Diagnostics complements Inuvi’s existing health assessment and laboratory testing businesses. We were pleased to advise on this high-profile transaction for the city of Plymouth and wish the combined group continued success.”

Wokingham-based Inuvi delivers over 100,000 health assessments and phlebotomy visits every year through its national network of mobile health practitioners and completes millions of blood tests at its laboratory.

Inuvi Chief Executive, Jonathan Benton, said: “We are delighted to welcome Express Diagnostics to the Inuvi Group. Express Diagnostics’ expertise in offering easily accessible, high-quality cardiology and audiology services is a significant addition to the Inuvi Group, broadening the range of services we offer and further establishing Inuvi as a leading provider of expert diagnostic services.”

By Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022.

During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan).

His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.