LDC, the private equity division of Lloyds Banking Group, has announced an agreement to exit Warrington-based PAM Healthcare Limited to Optima Health plc.

The transaction, which values PAM at £100 million, has exchanged and is subject to approval from the Irish Department for Trade, Tourism and Employment’s Foreign Direct Investment regime.

PAM, which has been backed by LDC since 2021, provides occupational health and wellbeing services to blue-chip corporate and public sector clients.

Headquartered in Warrington, its services include health surveillance, absence management, physiotherapy, employee assistance programmes and specialist assessments, which are delivered by more than 450 employees and supported by a network of associate clinicians.