Reading-based Miad Healthcare has been sold to Telford-based training provider TTC Group, in a deal delivered by Swindon’s corporate finance specialists Watersheds.
The Berkshire firm provides training to the healthcare market in the UK, covering areas, including leadership and development, business and governance and patient safety.
The sale to Shropshire-based TTC Group will provide a number of synergistic benefits allowing TTC to expand into the healthcare sector.
Miad will also be able to develop its offering in line with the evolving demands of the industry.
Libby Ryan, managing director of Miad, said: "Miad is a small organisation with not many staff and so we were in need of finding a bigger ‘engine’ to help us drive growth after reaching a plateau in terms of what we could achieve on our own.
"There are a lot of synergies and opportunities between Miad and TTC Group and we expect to see huge efficiencies especially in how we run resources and processes moving forward.
"We’re very pleased to be taking all of our staff on this journey with us and to also be working alongside TTC’s experienced management team.
"Throughout the process we’ve received excellent advice and support from Watersheds," she added.
John Stopher, partner at Watersheds, added: "Miad has a successful track record and maintains a pivotal position in helping to improve the healthcare offering in the UK.
"There is significant growth potential on the horizon for Miad, however the company needed additional resource in terms of staffing, technology and operational efficiencies in order to achieve this.
"TTC Group is a growing training group, initially specialising in driver training but expanding into the wider training market. TTC offered the additional resource Miad needed to capitalise on its growing portfolio of opportunities, making them the perfect fit."
