We are delighted to announce that our portfolio company Patchwork Health has acquired L2P Enterprise Ltd, the UK’s foremost provider of medical appraisal software and the fastest-growing job planning software solution for healthcare professionals. Patchwork is one of the UK’s leading providers of tech-driven workforce management solutions for healthcare.
This strategic acquisition will result in a market-leading healthcare platform; a comprehensive end-to-end suite of tools designed to address the workforce needs of over 100,000 clinicians across more than 200 NHS and private healthcare organisations.
Founded in 2016 by NHS doctors Dr Anas Nader (CEO) and Dr Jing Ouyang (COO), Patchwork Health currently partners with over 60 NHS organisations to offer software solutions that enable digital rostering, flexible staff banks, and agency management. The company also provides data and analytics tools to support smarter staffing decisions.
The Patchwork Health tools have supported more than 55,000 healthcare workers and saved the NHS over £120 million to date. In the past two years alone, more than 12 million shift hours were filled using their solutions. In some NHS Trusts, Patchwork Health’s staffing solutions have achieved shift fill rates of 97%, significantly reducing dependence on third-party agencies.
L2P, established in 2009 by consultant anaesthetist Dr Patrick Doyle and led by Jim McLaughlin (CEO) and Colin Wilkinson (Managing Director), is the UK’s leading appraisal system for doctors in secondary care and the fastest growing job planning tool for medical staff, Allied Health Practitioners (AHPs) and nurses. Over 75 NHS Trusts use L2P’s software. L2P is also the market leader in the private healthcare sector with over 55 organisations relying on their credentialing and appraisal solutions.
This combined offering will streamline workforce processes; unlocking critical data, reducing silos, cutting costs, and enhancing productivity. By integrating the L2P job planning with Patchwork Health rostering, healthcare organisations will be able to deploy their teams more strategically and cost-effectively whilst supporting high-quality patient care that aligns with clinical service plans and budgets.
Both teams will benefit from shared expertise, engineering collaboration and a wealth of market insights which will enhance products, see them develop new services, and enable expansion into new markets.
Dr Anas Nader, CEO & co-founder of Patchwork Health, said: “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 who have first-hand 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.”
Dr Jing Ouyang, COO & co-founder of Patchwork Health, adds: “Over the last eight years, we’ve been relentlessly focused on making healthcare work better. To meet another company who shares this vision and drive is rare. We feel very fortunate to have met the team at L2P and to be welcoming them into Patchwork Health for the phase of our collective journey.
Jim McLaughlin, CEO of L2P, comments: “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.”
Martin le Huray, Senior Advisor at Perwyn, concluded: “When we invested in Patchwork in August 2022, we set out to support the company in its strategy to become the number one workforce solution provider for healthcare professionals. The acquisition of L2P is an important step towards that goal. We are delighted to continue supporting Patchwork on its buy and build journey, and as it develops complete end to end healthcare software.”