Simon Gale, a Partner in our Corporate & Commercial Team, has recently acted for Ascenti Health on its acquisition of mental health technology platform My Online Therapy.
Ascenti is a leading independent provider of physiotherapy and mental health services, employing over 800 staff across the UK and providing services to both public and private sector customers. My Online Therapy is a pioneering mental health technology platform offering virtual psychology and counselling services by smartphone app. Its acquisition by Ascenti will complement Ascenti’s existing mental health services and allow Ascenti to expand its reach by delivering virtual mental wellbeing services to new and existing patients, replicating the success of its virtual physiotherapy services.
Simon commented “We would like to congratulate Stephanie and the whole Ascenti team following completion of its acquisition of My Online Therapy. It was great to be able to support Ascenti in the transaction and we are really pleased to see it reach a successful conclusion. In advising Ascenti on its acquisition we were able to draw on our extensive experience in the healthcare sector, this acquisition representing the most recent in a long line of successfully completed transactions for clients operating in the sector. We wish the Ascenti team the best of luck in taking the My Online Therapy platform forward.”
Stephanie Dobrikova, CEO of Ascenti said “I’m very grateful to Simon and the team at Lyons Davidson for their invaluable help and assistance in completing this transaction. As ever, Simon provided knowledgeable, clear and pragmatic advice and remained responsive and approachable throughout. His attention to detail and commercial understanding allowed us to navigate the inevitable complexities that arise in an acquisition of this nature so as to achieve a successful outcome – whenever issues did arise, Simon presented solutions rather than problems. Thank you for your support throughout this process!”