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14 Mar 2025 | |
Written by Victoria Bastiman | |
OH News |
Economics and Finance |
Jack Latus, OH 1998-2007, along with his brothers, Will Latus, OH 1998-2004 and Sam Latus, OH 1998-2008, founded Latus Group in 2017. One of the UK’s leading providers of occupational health services, is forecasting a 57% growth for 2025 as it expands its reach across the workplace healthcare market, with the company set to achieve record turnover over the next 12 months.
The growth, which coincides with a 15% uplift in year-on-year client onboarding, follows the company’s seven-figure acquisition of Occupational Health Services in October 2024 and further planned expansion for the year ahead.
Described as a challenger to traditional providers such as Bupa, Optima and Medigold, Latus provides tech-enabled occupational health solutions to over 4,000 clients including Dyson, Ford, and the NHS, and has recently welcomed RAC Group, DFS, and Jordan’s Ryvita, further reinforcing its market share.
The growth figures come as the UK’s occupational health sector experiences a steady 6% annual growth, with the tech-enabled segment growing faster at 8-10% per year, driven by the increasing incidence of long-term sickness rates and the growing emphasis on mental health support in workplaces. Successfully tapping into the burgeoning health-tech market, Latus Group has leaned on its expertise in preventative healthcare products, including its first-to-market, patented YODHA system.
In the UK, just 28% of employers currently offer healthcare, with large businesses three times more likely to provide support than SMEs, leaving more than 50% of UK employees without access to vital services.
Jack, CEO of Latus Group, said,
There’s still a long way to go, but employers are increasingly investing in workplace healthcare to tackle rising long-term sickness rates, support employee wellbeing and improve productivity. Sickness days are at their highest rates since the pandemic, and with growing pressures on the NHS, workplaces are realising that they must step up and support their workforce in a preventative manner, to ultimately support staff better and steady the bottom line from the costs of absenteeism.
We have been lucky enough to be at the forefront of this shift and I’m incredibly pleased with the forecasts we’re recording for the year ahead. A key focus for us going forward is the construction industry where we believe so much more support needs to be provided. We’re already working with major orgnisations within this field to improve healthcare for those working within it.
Recent reports have shown that mental health challenges in the construction industry have reached crisis levels with the Chartered Institute of Building (CIOB) reporting that 70% of construction workers have experienced depression, while research from Randstad found that 42% of workers had seen their mental health decline due to Covid-19. Suicide rates in the industry remain 3.7 times higher than the national average.
The human cost of mental ill-health in construction cannot be ignored. It is one of the UK’s largest industries, yet its workforce is struggling with a crisis that is often overlooked. As such, we are committed to making workplace mental health support more accessible and ensuring that businesses take proactive steps to protect their employees.
We wish Jack and his company the best of luck in the year to come.
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