FINANCE: DEALS
deals City and County Healthcare Group acquires Interserve Healthcare COMPANY: City & County Healthcare TARGET: Interserve Healthcare TRANSACTION: Acquisition CONSIDERATION: Undisclosed City & County Healthcare has acquired Telford-based complex care business Interserve Healthcare from Interserve Group, including its service delivery brands Advantage Healthcare and Strand Nursing.
CIM and Envivo join forces to take over Heathcotes Group COMPANY: Civitas Investment Management TARGET: Heathcotes TRANSACTION: Acquisition CONSIDERATION: Undisclosed Civitas Investment Management (CIM), an impact investor specialising in government-backed community real estate assets, has acquired care provider Heathcotes for an undisclosed price. The transaction was undertaken in partnership with Envivo Group, a care provider in the UK residential care and supported living sectors. As part of the transaction, CIM has acquired all the healthcare real estate assets of Heathcotes on behalf of underlying investment clients and Envivo Group has purchased the operational care business. Civitas was advised on due diligence by Connell Consulting.
Civitas acquires complex needs provider Cream Care Group COMPANY: Civitas Investment Management TARGET: Cream Care Group, TRANSACTION: Acquisition CONSIDERATION: Undisclosed Civitas Investment Management has acquired Cream Care Group, which provides person-centred care for people with special needs in its five homes. Connell Consulting provided investor commercial due diligence for the acquisition.
FPE Capital invests in digital mental health platform Togetherall COMPANY: FPE Capital TRANSACTION: Investment CONSIDERATION: Undisclosed London-headquartered FPE Capital, a software and services-focused lower mid-market growth investor has invested in Togetherall, a Londonbased mental health software-as-a-service platform. The investment is the eighth from FPE Fund II. Togetherall delivers 24/7, clinically moderated support to low acuity users via its SaaS-delivered platform. FPE was advised on the transaction by Stephenson Harwood (legal), Luminii Consulting (commercial), Dow Schofield Watts (financial and tax), Intechnica (technical due diligence), and Continuum Ventures (management). Togetherall was advised by EY Corporate Finance and Taylor Vinters.
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HealthInvestor UK • December 2020
