ICS

About 

Temporary healthcare staffing business ICS partnered with Inflexion to expand across the UK. A return of 2.9x was generated in under two years when it was sold to Blackstone. 

ICS is the leading provider of temporary healthcare staff in the UK, specialising in placing scarce senior and high-grade nurses, while the business’ complex community care business also provides nursing services to patients in their homes. 

Value acceleration 

Following the transaction, we worked closely with ICS to refocus the business on complex care, largely owing to the sector’s potential for high recurring revenue, strong demand and protection from government cuts. During our ownership, the high-value complex care business grew by around 40%. 

With our support, management continued to enhance the performance of the business incrementally, delivering significant growth and continued margin enhancement.