Sovereign Capital has bought Conard Care Services, a provider of domiciliary care based in Northern Ireland, which will added to the UK mid-market buy and build specialist’s platform investment in City & County Healthcare Group.
The deal marks the tenth acquisition made by City & County since 2009 and its third this year alone, and follows on from the acquisition of Help at Home Limited in July.
Although financial terms of the deal were not disclosed, Sovereign has committed total funding of £25m to City & County and continues to assess further buy and build opportunities, it said.
Conard Care was founded in 1995 and provides care in the home to the elderly as well as those with learning difficulties and mental health needs, to towns and regions around Bangor, Holywood, Newtownards and the Ards Peninsula.
The business is one of the top five providers by volume in the region, and has a long-term contract with the area’s South Eastern Health and Social Care Trust to deliver 3,500 hours of care per week by its 124 care workers.
The acquisition strengthens City & County’s existing geographical footprint in Northern Ireland. Together with the group’s Belfast-based provider, Quality Care Services, and its care provision in Dungannon, the combined business now provides over 9,000 of care hours per week in the region.
“Conard Care is a successful homecare provider with high standards and a strong reputation in its local market,” said Sovereign Capital partner Dominic Dalli.
“Since Sovereign’s investment in September 2009, City & County has more than trebled in size to become a national healthcare group.
“This has been as a result of both organic and acquisitive growth, with acquisitions being carefully chosen for their location, quality of service and size.”
News reports over the weekend also confirmed that Sovereign Capital has hired Lincoln International to explore a possible sale of World Class Learning, a British company that runs a chain of international schools in the US.
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