Latus Group: Comprehensive Company Profile

Background

Overview

Latus Group is a leading UK-based occupational health and employee wellbeing provider, committed to enhancing workplace health through innovative, tech-enabled services. Established in 2017, the company has rapidly expanded its reach, serving over 3,800 businesses across the UK and extending its services to 10 countries through digital delivery.

Mission and Vision

Latus Group's mission is to "change the way the world heals" by helping organizations look after their people. The company envisions transforming organizational performance through tech-enabled, data-driven occupational health services, fostering healthier and more productive work environments.

Primary Area of Focus

The company specializes in providing comprehensive occupational health services, including health surveillance, management referrals, safety-critical and fit-for-work medicals, physiotherapy, workplace testing and screening, first aid training, and employee wellbeing programs. Latus Group is also recognized for its large fleet of mobile health units, including the only occupational health provider in the UK to offer a mobile chest X-ray machine.

Industry Significance

Latus Group has become a significant player in the occupational health sector, being the fastest-growing provider in the UK over the past two years. The company's innovative approach and rapid expansion have positioned it as a challenger to traditional providers such as Bupa, Optima, and Medigold.

Key Strategic Focus

Core Objectives

Expansion and Growth: Latus Group aims to accelerate its growth trajectory by expanding its service offerings and geographical reach.

Innovation in Service Delivery: The company focuses on integrating technology to enhance service delivery, exemplified by the development of its proprietary health platform, Yodha.

Client-Centric Approach: Latus Group emphasizes understanding and addressing the unique needs of its clients, tailoring services to improve employee health and organizational performance.

Specific Areas of Specialization

Mobile Health Services: Offering a fleet of mobile health units, including the UK's only mobile chest X-ray machine, to provide on-site health services.

Digital Health Platforms: Developing platforms like Yodha to streamline health surveillance and data management for clients.

Comprehensive Occupational Health Services: Providing a wide range of services from health assessments to employee wellbeing programs.

Key Technologies Utilized

Yodha Platform: An on-demand digital health surveillance service that simplifies the user experience and provides better data for leadership teams.

Mobile Health Units: Equipped with advanced medical equipment, including the UK's only mobile chest X-ray machine, to deliver on-site health services.

Primary Markets Targeted

Corporate Sector: Serving over 3,800 businesses across various industries, including major clients like Dyson, Ford, and the NHS.

Geographical Expansion: Extending services to 10 countries through digital delivery, broadening its international presence.

Financials and Funding

Funding History

Majority Investment by NorthEdge Capital: In July 2024, Latus Group received a majority investment from private equity firm NorthEdge Capital, supporting its growth and expansion plans.

Total Funds Raised

Specific details on the total funds raised are not publicly disclosed.

Notable Investors

NorthEdge Capital: A UK-based private equity firm specializing in lower-middle-market investments, particularly in the technology, healthcare, and business services sectors.

Intended Utilization of Capital

Operational Expansion: Investing in people and operational platforms to enhance service delivery.

Technological Development: Further developing digital health platforms like Yodha.

Strategic Acquisitions: Executing mergers and acquisitions to facilitate end-market, service-line, and geographical expansion.

Pipeline Development

Key Pipeline Candidates

Yodha Platform: An on-demand digital health surveillance service that simplifies the user experience and provides better data for leadership teams.

Stages of Development

Operational Expansion: Ongoing development and deployment of mobile health units and digital platforms.

Strategic Acquisitions: Recent acquisitions, including OH Services Limited in October 2024, to expand service offerings and market reach.

Target Conditions

Workplace Health and Safety: Addressing various occupational health concerns through comprehensive services.

Relevant Timelines

2024: Acquisition of OH Services Limited.

2025: Forecasting a 57% growth in turnover, with further planned expansion.

Technological Platform and Innovation

Proprietary Technologies

Yodha Platform: An on-demand digital health surveillance service that simplifies the user experience and provides better data for leadership teams.

Significant Scientific Methods

Data-Driven Health Surveillance: Utilizing technology to enhance service delivery and provide actionable insights for clients.

Leadership Team

Executive Profiles

Jack Latus: Chief Executive Officer (CEO) and founder, leading the company's strategic direction and growth initiatives.

Sam Latus: Chief Operating Officer (COO), overseeing daily operations and service delivery.

Will Latus: Chief Strategy Officer (CSO), responsible for strategic planning and business development.

Alex Birkett: Chief Financial Officer (CFO), managing financial operations and strategic financial planning.

Key Contributions

Expansion and Growth: Driving the company's rapid expansion and acquisition strategy.

Innovation: Developing and implementing the Yodha platform to enhance service delivery.

Leadership Changes

Recent Appointments

Graham Ewart: Appointed as Chairman in May 2023, bringing extensive experience from the healthcare sector.

Competitor Profile

Market Insights and Dynamics

Market Size and Growth Potential: The occupational health sector is experiencing significant growth, with increasing demand for comprehensive health services in the workplace.

Industry Trends: A shift towards tech-enabled, data-driven health services and a focus on employee wellbeing.

Competitor Analysis

Bupa: A longstanding provider of health services, including occupational health.

Optima Health: Offers a range of occupational health services across the UK.

Medigold Health: Provides occupational health services with a focus on compliance and employee wellbeing.

Strategic Collaborations and Partnerships

NorthEdge Capital: Majority investment to support growth and expansion.

OH Services Limited: Acquired in October 2024 to expand service offerings.

Operational Insights

Strategic Considerations

Market Position: Latus Group is positioned as a challenger to traditional providers, leveraging technology and innovation to differentiate itself.