Foresight supports the partial buy-out of ABL Health with £2.5m investment
ABL is a provider of community healthcare and wellbeing services across the North of England. The Company was founded in 2009 by Denise Leslie and Dr Sheena Bedi, as a means of providing a range of innovative, evidence based, healthy lifestyle, behavioural change and wellbeing programmes including weight management, nutrition support and smoking cessation.
The business has helped approximately 12,000 clients record weight loss in the North-West region, mainly in Manchester, St Helens, Wigan and Blackpool, and over 5,000 clients have significantly improved their mental health. On the Wirral, over 3,000 people have stopped smoking as a direct response to the ABL program in the last two years.
Considered one of the regional market leaders in clinically-led, healthcare in the community programmes, ABL operates from its own premises in Bolton, Lancashire, within the grounds of the Royal Bolton Hospital as well as satellite offices in Manchester, Stockport, the Wirral, St Helens and Hull.
Denise Leslie will continue to lead the business as CEO, with Dr Bedi becoming a non-executive director to provide strategic clinical input. Denise will be supported by a strong second tier management team and a staff base of almost 200. To help drive the growth in the business Foresight has introduced through Brightbridge Search Chris Jessop as Chairman, who has held senior leadership roles in Optima Health, Nuffield Wellbeing, BUPA and AXA PPP.
Foresight’s equity investment, which was supported by a debt package from Barclays, will help with the Company’s geographic expansion, whilst widening its service offering across both the public and private sectors. ABL will continue to focus on the end results of its programmes and on delivering care to the community.