![]() A Cardinal-employed Major Trauma Advisor (MTA) works within the MTC to meet with patients at their bedside to provide free advice and support to patients and their families.Ĭardinal has a strong team of 19 people, 14 directly employed and all led by Andrew Pemberton, who will remain in place as Managing Director following completion of the Acquisition.Īs set out in the Company’s strategy, the focus is to ensure the Company has as many touch points as possible in the PI and CN space. The MTSP provides advice on a range of issues including employment, finance, education, housing, and compensation. MTSP went live in January 2016 with the aim of testing the impact of early advice and guidance from Citizens Advice (formally the “CAB”) and Rehabilitation Advisers on the quality of care and longer-term outcomes for patients, the NHS and our wider society, which has been adopted by 7 other MTCs. The Major Trauma Signposting Partnership is a scheme initially developed by Cardinal and St George’s University Hospitals NHS Foundation Trust. The core of Cardinal’s work is within the NHS, where Cardinal is integral to helping Major Trauma Centres improve levels of care and long-term outcomes for patients by facilitating early access to welfare, legal, rehabilitation and financial support.Ĭardinal currently has a presence in 7 NHS Major Trauma Centres, of which there are 27 across the country, giving significant scope to grow and expand. It is an independent organisation providing trauma patients and their families with much needed help and support whilst in hospital. It is also expected that the Acquisition will drive future growth in the Group’s Assets Under Management as successful claims and cases come to settlement.Īt each of the MTSP sites, Cardinal has selected a legal panel which comprises law firms who provide the highest quality of care and service to patients, providing significant opportunity for the Group to further strengthen its relationships with PI and CN departments within law firms nationally.Ĭardinal Management Ltd was established in 2015 by Andrew Pemberton (Managing Director and majority shareholder). The Acquisition provides a clear and direct link to claimants, and their professional representatives, at the earliest stage possible after injury or illness, introducing the portfolio of Frenkel Topping Group services in a relevant and timely way to its clients in the PI and CN litigation space as well as claimants themselves. Through its core business, Frenkel Topping Limited, it supports litigators pre-settlement in achieving maximum damages, by providing expert witness services, and post-settlement to achieve the best long-term financial outcomes for clients after injury. The Acquisition is firmly in line with the Company’s strategy to pursue quality opportunities in, and to drive consolidation of, the pre-settlement professional services marketplace in the Personal Injury (PI) and Clinical Negligence (CN) space.Ĭardinal fits perfectly alongside the Group’s recent acquisitions of Forths Associates, A&M Bacon, Partners in Costs and Bidwell Henderson and allows the consolidation of the space further, positioning Frenkel Topping as a market leader in its sector.Ĭardinal Management Limited is the sole commercial organisation operating in its space and has a 5-year track record of contracts with the NHS with a 100% contract renewal rate.Ĭardinal Management Limited is also in high demand from PI legal providers seeking quality multi-track cases and provides a clear opportunity to expand the Major Trauma Signposting Partnership (as further explained below) into additional Major Trauma Centres within the NHS. ![]() ![]() Further details on the financial terms of the Acquisition are set out below.Ĭardinal Management Limited works in close partnership with a number of key NHS Major Trauma Centres (“MTCs”) to provide a Major Trauma Signposting Partnership (MTSP) support service. The additional consideration of up to £5.0m may become due to the sellers of Cardinal on an earn-out basis linked to certain challenging financial performance targets relating to future growth and profitability of Cardinal between completion and 31 December 2025. The total maximum possible consideration for the acquisition is £10.0 million in cash, of which an initial £5.0m (which is subject to adjustment following a completion accounts process) will be paid on completion. LONDON, UK: Frenkel Topping has acquired the entire issued share capital of Cardinal Management Limited.
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