Healthcare and Public Services
In July 2016, STAR completed the acquisition of Synergy Health Managed Services Limited (“Synergy LMS”) from Steris Plc. This was the first acquisition made by the STAR III Fund.
Synergy LMS was created in 1996 and provides a range of sterile linen and laundry management services to hospitals and other healthcare providers throughout the UK including NHS Acute Trusts, private hospitals, Ambulance Trusts and Healthcare and Community Trusts. Synergy LMS owns three specialised facilities in Derby, Sheffield and Dunstable.
STAR’s aim is to support the continued growth of the business both organically and through acquisitions, by investing in additional capacity, continuously improving operating efficiencies and by exploring adjacent markets and services.