PNL acquired by Complete Personal Assistance
The founders of Paediatric Nursing Link sell up to the VC owned firm
Healthcare company Paediatric Nursing Link (PNL) has been bought out by Complete Personal Assistance for £2.2m.
PNL, founded in 1999 by Per Brooke-Barnett and Seamus Kelly in 1999, began life as a staffing agency for the healthcare sector.
However, it has since developed into providing care at home for children and their families and this is now the major part of the business.
Brooke-Barnet and Kelly have sold their equity stakes and will no longer play any part in the business as a result of the Complete deal.
Complete is led by Barbara Scandrett, a former dinner lady turned teacher and later social worker who founded her business in 1995 after her experiences in a spinal injuries unit led her to believe there was a serious lack of available care services for patients.
She later sold her shares to private equity firm Sovereign Capital for £5.7m in 2003 but has remained as managing director of the company which now has a turnover of £28m.
“PNL provides an excellent fit with Complete,” Scandrett said. “We are delighted to be adding PNL’s management team, client base and regional presence to our business, further strengthening Complete’s market leading position in the UK.”
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