Persol, the Japanese owner of Programmed Maintenance, is reportedly looking for a buyer for the staffing and workforce company’s healthcare and home services recruitment arm.
The Australian Financial Review is reporting that Programmed has brought on bankers Greenhill & Co to sound out potential buyers, including private equity firms.
Persol bought out Programmed, formerly an ASX-listed company, at $3.02 per share for a total of $791 million in 2017; since the purchase, it has grown its home care offering with the addition of aged, veterans, and disability home care packages.
As noted by the AFR, Programmed’s health division has grown from a small base in 2017 due in part to high demand for healthcare workers during the COVID-19 pandemic.
