Cygnet Healthcare
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Cygnet Healthcare - overview
Established
1988
Location
Sevenoaks, Kent, UK
Primary Industry
Healthcare Specialists
About
Cygnet Healthcare is a UK-based company specializing in mental health, autism, and learning disability services, offering a comprehensive range of health and social care solutions designed to enhance the lives of individuals with complex needs. Cygnet Healthcare provides specialized mental health and learning disability services founded in 1988 in Sevenoaks, UK. The company has not undergone any significant pivots or structural changes. It operates under the leadership of CEOs Gareth Williams and Tony Romero.
Cygnet is a prominent provider of mental health, autism, and learning disability services, offering a comprehensive range of health and social care solutions. The company specializes in Secure Psychiatric Intensive Care Units (PICU), acute services, mental health rehabilitation, and support for personality disorders. Additionally, Cygnet provides treatment for children and adolescents through Child and Adolescent Mental Health Services (CAMHS), as well as specialized support for individuals with autism spectrum disorders and neuropsychiatric conditions. The primary end users of these services are young people and adults facing mental health challenges, acquired brain injuries, and learning disabilities, with a client base that includes local authorities and the National Health Service (NHS) across various regions in the UK.
Cygnet’s services are designed to address critical gaps in mental health care, providing tailored interventions aimed at fostering recovery and enhancing quality of life. Cygnet generated revenue of USD 232. 17 mn in the most recent year, 2023, with an EBITDA of USD 29. 07 mn.
The company generates revenue through multiple channels, primarily by providing services to local authorities and the NHS through contractual agreements for mental health and social care. Cygnet operates on a B2B model with direct service agreements, supported by a mix of public funding and private payments, depending on the type of care provided. The company’s offerings include Secure PICU and rehabilitation services, which are integral to its operational framework and revenue generation strategy.
Primary Industry
Healthcare Specialists
Sub Industries
Mental Health Services
Website
www.cygnethealth.co.uk
Total Amount Raised
Subscriber access only
Cygnet Healthcare - timeline of key events
Cygnet Healthcare - financials
| Fiscal Year Ended | Oct 31, 2010 | Oct 31, 2011 | Oct 31, 2012 | Oct 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 78,829,000 | 75,114,000 | 81,373,000 | 90,635,000 | 117,847,000 | 113,387,000 | 117,755,000 | 120,902,000 | 133,902,000 | 140,370,000 | 148,328,000 | 160,787,000 | - | - | - |
| % Revenue Growth (YoY) | - | (4.7%) | 8.3% | 11.4% | - | - | 3.9% | 2.7% | 10.8% | 4.8% | 5.7% | 8.4% | - | - | - |
| EBITDA (USD) | 3,210,000 | 2,576,000 | 2,706,000 | 4,450,000 | 2,066,000 | 8,745,000 | 1,226,000 | (4,757,000) | 258,000 | 11,396,000 | 11,985,000 | 16,490,000 | - | - | - |
| Operating Income (USD) | 798,000 | 714,000 | 795,000 | 2,452,000 | 36,000 | 6,945,000 | (1,531,000) | (9,434,000) | (5,920,000) | (9,075,000) | (10,231,000) | (3,219,000) | - | - | - |
| Operating Margin | 1.0% | 1.0% | 1.0% | 2.7% | 0.0% | 6.1% | (1.3%) | (7.8%) | (4.4%) | (6.5%) | (6.9%) | (2.0%) | - | - | - |
| % EBITDA Margin | 4.1% | 3.4% | 3.3% | 4.9% | 1.8% | 7.7% | 1.0% | (3.9%) | 0.2% | 8.1% | 8.1% | 10.3% | - | - | - |
| NET Income (USD) | 1,923,000 | 67,000 | 1,157,000 | 2,228,000 | (411,000) | 6,040,000 | (2,616,000) | (21,918,000) | (19,460,000) | (34,305,000) | (35,541,000) | (30,815,000) | - | - | - |
| % Net Margin | 2.4% | 0.1% | 1.4% | 2.5% | (0.3%) | 5.3% | (2.2%) | (18.1%) | (14.5%) | (24.4%) | (24.0%) | (19.2%) | - | - | - |
Cygnet Healthcare - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Alpha Hospitals Ltd | - | ||||||||
| Trade Sale | Completed | Orchard Portman House | - |
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Cygnet Healthcare - employee data
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