Healthcare recruitment and services business TTM Group has announced that the Irish private investment company Broadlake will acquire a 30% stake in the business.
The investment will create 500 new jobs in the UK and Ireland over the next five years and will allow the Group to further develop its range of healthcare services.
TTM supports the recruitment of one in five nurses currently joining the NHS from overseas in the UK.
The company is headquartered in Ennis, Co. Clare and has offices in Ireland, the UK, Germany and Poland as well as a large network of international partners across Europe, Africa and Asia.
Currently employing over 1,200 healthcare professionals, TTM Group has turnover in excess of £40m.
The business will continue to be led by founder and CEO Brian Crowley and Group managing director Barry Pactor.
As part of the investment, Pete Smyth, CEO of Broadlake, will join the TTM Board.
Brian Crowley, CEO, TTM Group, said: “TTM has grown rapidly in recent years and this investment will help the company to reach new heights in terms of both expanding the team and our service offering to clients. We can see huge opportunities in the next five years. The World Health Organisation has indicated that demographic changes in most western European countries is leading to an older population with more complex medical needs, while at the same time fewer young people are choosing healthcare careers.”
Pete Smyth, CEO of Broadlake, added: “We have been hugely impressed by our interactions with Brian Crowley, Barry Pactor and the rest of the team at TTM. We only work with the most dynamic entrepreneurs to help grow great businesses. We knew from our early interactions that the team at TTM fit into that category. What attracted us to TMM is the quality and ambition of the team, the innovation of the healthcare services it offers and the high standards of care that TTM provides for its patients and clients.”