E216: David Lynch: Building and Selling a Successful 8-Figure Healthcare Business

David Lynch started a healthcare business from his spare room and grew it organically over 11 years, achieving eight-figure revenue before selling it to private equity.

Winning contracts with the NHS and other local authorities was a catalyst for the business's growth and provided predictable and repeatable revenue.

Implementing systems and processes, including a bespoke software system, helped improve efficiency and increase gross margin from 48% to 61%.

David's current venture involves pursuing acquisitions in the healthcare and facilities management sectors, combining organic growth with strategic growth.

The healthcare sector offers attractive profit margins and opportunities for growth, especially in specialized areas such as patient handling and assistive technology.