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Home PRIVATE EQUITY

London-based Patchwork acquires L2P to streamline workforce processes across healthcare organisations

EU Startupsby EU Startups
November 6, 2024
Reading Time: 3 mins read
in PRIVATE EQUITY, UK&IRELAND
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Patchwork Health, a leading provider of workforce management software in the healthcare sector, has announced its acquisition of L2P Enterprise, a UK-based leader in medical appraisal and job planning software. This strategic move positions Patchwork Health to offer an even more comprehensive suite of tools designed to meet the workforce needs of over 100,000 clinicians across more than 200 NHS and private healthcare organisations.

The acquisition will enable Patchwork Health to integrate L2P’s job planning functionalities with its own advanced rostering technology. This combination promises to streamline workforce processes across healthcare organisations, reduce silos, cut costs, and enhance overall productivity. By leveraging this new, unified platform, healthcare providers can deploy their teams more strategically and cost-effectively, while aligning staffing needs with clinical service plans and budgets.

Dr. Anas Nader, CEO and co-founder of Patchwork Health, expressed his enthusiasm about the acquisition: “As soon as we met the team at L2P, we knew it was an ideal fit. Both L2P and Patchwork Health are led by people with firsthand experience of the challenges we’re tackling and a passion for making lasting improvements in healthcare. L2P shares our customer-first culture and our relentless pursuit of innovative solutions to support our healthcare colleagues. Together, our complementary suite of software solutions will deliver smarter staffing across the sector. This acquisition sets the stage for a new phase of growth, and we are eager to support even more clinicians and healthcare organisations together.”

The integration of these two platforms represents a significant leap in healthcare tech. By combining their expertise, the teams at Patchwork Health and L2P plan to develop new services and explore expansion into additional markets. This acquisition will also enhance the companies’ ability to support the NHS’s needs, as both Patchwork Health and L2P have significant footprints within the organisation—over 75 NHS Trusts use L2P’s software, while Patchwork Health partners with more than 60 NHS organisations.

Jim McLaughlin, CEO of L2P, echoed the synergy between the two companies, stating: “Health services face a generational challenge in restoring access to healthcare, and this can only be achieved through innovative companies working together to unlock opportunities for productivity improvement. Patchwork Health is a natural partner for us, sharing the same integrity, passion for healthcare, and customer-focused ethos. Our staff have already been collaborating on shared customer projects. This acquisition enables us to build a software company worthy of the important work its users do. With our talented teams, we are excited to unlock the benefits of interoperability and take big strides forward in optimising clinical resources, time, and talent.”

Founded in 2016 by NHS doctors Dr. Anas Nader and Dr. Jing Ouyang, Patchwork Health has continually expanded its portfolio to support smarter staffing decisions. The company’s solutions have been widely adopted, assisting over 55,000 healthcare workers and saving the NHS more than £120 million to date. Meanwhile, North Cumbria Integrated Care NHS Foundation Trust recently adopted Patchwork’s e-rostering platform in April 2024, aiming to improve workforce wellbeing and reporting.

With this acquisition, Patchwork Health further strengthens its mission to empower healthcare organisations with innovative, effective solutions that align staffing and resource management with the highest standards of patient care and financial prudence. As Patchwork Health and L2P move forward together, they stand ready to support the evolving needs of the healthcare sector through their shared vision, expertise, and commitment to transformative innovation.

If you wish to hear insights from Dr. Anas Nader on healthcare innovation and workforce management, stay tuned to EU-Startups, where he regularly shares his expertise as a guest writer. His articles dive into the latest trends, challenges, and solutions shaping the future of healthcare technology.

Read the orginal article: https://www.eu-startups.com/2024/11/london-based-patchwork-health-acquires-l2p-enterprise-to-streamline-workforce-processes-across-healthcare-organisations/

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