Longacre Group Announces Investment in Medical Screening Solutions
LONDON – [17 October], 2019 – Longacre Group (“Longacre”) announces its investment into Medical Screening Solutions ("MSS"), a leading provider of outsourced medical screening to the life insurance sector. Longacre Group is investing to back the ambitious growth plans of the MSS management team, led by founders Jonathan Benton and Richard Allison.
Medical Screening Solutions is a rapidly growing provider of outsourced medical screening for protection insurance providers. MSS uses its nationwide network of doctors and nurses that can screen clients throughout the UK and the Republic of Ireland. MSS was founded by Jonathan Benton and Richard Allison, who have a strong track record in the industry, and is based in Wokingham.
Jonathan Benton and Richard Allison will continue as CEO and COO respectively, supported by a strong senior management team.
Stani Schmidt-Chiari, partner at Longacre, added: “Having known Jonathan for several years, we are delighted to have the opportunity to back MSS as it enters its next phase of growth. We have been impressed by Jonathan, Richard and the rest of the MSS team and we look forward to working with them.
Jonathan Benton, CEO of MSS, commented: “We are excited to partner with Longacre as we’ve seen the positive influence they’ve had on helping their businesses achieve significant growth. They are a very straightforward counterparty who delivered the deal as promised and to a swift timetable. The MSS team is looking forward to consolidating our position as the leading medical screening provider.”
Longacre was advised by TLT LLP, RSM and Drystone Strategy.
MSS was advised by ABG Corporate Finance LLP and Harrison Clark Rickerbys Limited.