A Birmingham-based group of businesses operating across the healthcare recruitment, consultancy and technology sectors has undergone a management buyout.
The MBO of Clive Henry Group has been led by Liam Molesworth and Sam Alsop-Hall.
The group comprises healthcare consultancy Mprove, recruiter Woodrow Mercer Healthcare and Tech Canal which provides digital healthcare services.
In a joint statement, Mr Molesworth and Mr Alsop-Hall said: "We are delighted to have taken full control of the Clive Henry Group, a business named in memory of our late grandfathers, and look forward to building on the success of the last few years.
"We believe the healthcare sector has some unique challenges which we are well-equipped to overcome.
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"It's exciting to think about the industry's potential for growth and innovation and we can't wait to see where our business can go as we tackle these challenges head on."
Mark Raven will step down as finance director after selling his shareholding alongside two other shareholders, Dan Ostrowski and Andrew Heggie.
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Mr Raven said: "I'm delighted that we've agreed a deal for Liam and Sam to take the reins at Clive Henry Group and we wish them both the very best for the future."
The undisclosed deal was backed by Praetura Commercial Finance and accountancy firm UHY Hacker Young advised the seller.
UHY's corporate finance partner Peter Williams said: "We are delighted to have supported Mark and the other shareholders in agreeing a deal on this MBO.
"Clive Henry Group is an outstanding business with real potential and we are pleased to have secured a deal which works well for both the sellers and the buyers.
"It's been great working with Mark and we're pleased that Liam and Sam can take the business to the next level. We wish them both the very best."
Other advisers on the deal were Hill Dickinson, Grant Thornton and Addleshaw Goddard.