WestBridge invests £10m in Channel 3
Westbridge has completed its fourth transaction in seven months with an investment of £10m to support the MBO of London-based Channel 3 Consulting Limited, which designs, implements and optimises digital transformation programmes for the health and care sector.
CEO John Howard, who joined the company two years ago, led the MBO alongside colleagues Eleanor Rollason and Lucy McLintock.
The three will now lead the company following the departure of the founding directors.
Established in 2009, Channel 3 helps its clients harness the power of technology to deliver better patient outcomes, improve services and operate more efficiently.
Over the past decade, Channel 3 has worked with over 90 organisations across the NHS, private healthcare, local government, the Ministry of Defence and the wider public sector. It is currently appointed to several key NHS and public sector frameworks.
The need to digitalise the NHS has been understood for many years and the challenges presented by Covid-19 have emphasised this further.
The WestBridge team comprised Valerie Kendall, James MacLeay, Rebecca Sinclair and Peter Barkley. Kendall said: “Channel 3 is a great company positioned in a growing and dynamic market. With John Howard and his team at the helm over the last two years, it has embraced more strategic partnerships with its growing customer base and we are all confident that it is well placed to unlock future potential.
“The launch of NHSX was a clarion call for all healthcare providers to harness the power of technology to transform outdated systems and improve care for all. Partly as a result of this government initiative, the health tech market is growing rapidly and Channel 3 has the expertise to provide thought leadership to this dynamic and vital sector.”