CODE (an August Equity investment made in November 2019) has completed the acquisition of Sheffield-based Isopharm The acquisition brings together a market leading compliance platform with the largest provider of online CPD for dental practitioners. The unity of the two businesses creates a market leader in dental compliance.
Isopharm is the leading provider of online CPD into the dental market using innovative solutions to meet the mandatory requirements for continuous development. The business also provides software and services for validation and testing to a broad range of healthcare providers. The acquisition creates significant market synergies into the dental sector, whilst initiating CODE’s expansion into adjacent healthcare market verticals.
Following four years of dialogue between Isopharm and August Equity, Founder of Isopharm, Andrew Kemp said “CODE is the perfect platform for the next stage of innovative solutions we had planned at Isopharm; we are delighted to be joining forces”.
“We are thrilled to have been able to unite CODE and Isopharm to create a highly unique and strategic compliance-focussed business in a market that offers significant opportunity. The combination of software-led compliance solutions and online training to the healthcare market is exciting – a market that’s undergoing a technology-focussed structural shift. We are extremely excited about combining the businesses and working closely with Andrew and the team at Isopharm”. James Bakewell, Director (August Equity and CODE)
“August Equity’s market knowledge, broad network in the dental and healthcare sector and prior experience in creating industry leaders has been very important in getting to this stage of CODE’s development; we continue to be excited about building on this start and extending the reach of the Group into more healthcare segments” said Dr Sati Sian, Chairman CODE Group.
August Equity raised its 5th fund, of £309m, in January 2020, enabling the continuation of its strategy to invest in high growth, exciting businesses across Healthcare, Technology, Business Services and Education markets. It made its first investment from this fund in Nottingham based, IT Managed Services provider, Air IT in the same month.