4 minute read
finance
deals
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
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
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.
COMPANY: H2 Equity Partners TARGET: Optegra International TRANSACTION: Acquisition CONSIDERATION: Undisclosed
London-based investment firm H2 Equity Partners is acquiring pan-European ophthalmology group Optegra International in a deal expected to complete early next year. Optegra operates 23 eye hospitals across the UK, the Czech Republic and Poland.
London-based Digital health company HealthHero has acquired digital triage provider Doctorlink after global investor Eight Roads sold its stake. Doctorlink provides care for more than 12.5 million patients in the UK across more than 1,500 GP surgeries in the NHS.
Kinomica secures £3.9m investment
Alderley Park, Cheshire-based proteomic-data science and diagnostics company Kinomica has secured £3.9 million in funding. Growth capital investor BGF, and healthcare, science and engineering investor, Longwall Venture Partners have invested £1.5 million, each. Additional funding of £900,000 was secured via seed investors, including BioCity, Alderley Park Ventures, and Puffin Point, a family office in London.
McCarthy & Stone shareholders vote for £647m takeover deal
COMPANY: Lone Star Funds TARGET: McCarthy & Stone TRANSACTION: Acquisition CONSIDERATION: £647 million
American private equity firm Lone Star Funds upped its bid for Britain’s largest retirement home builder McCarthy & Stone and the shareholders have accepted. Dallas-headquartered Lone Star offered 120p a share, up from 115p. This now values the company at £647 million, up from £630 million for the original offer.
COMPANY: MCG Group TARGET: Poppy Nursing and Care Services TRANSACTION: Acquisition CONSIDERATION: Undisclosed
The MCG Group has acquired Ipswich-based Poppy Nursing and Care Services, a supplier of nurses and carers to hospital trusts and care homes across Suffolk, Norfolk, Essex and the wider UK. The MCG Group is a collection of companies providing services in the aerospace and aviation, construction, education, healthcare and technology sectors.
deals
National Care Group acquires Yorkshire care home
COMPANY: National Care Group TARGET: Steps Residential Care TRANSACTION: Acquisition CONSIDERATION: £2.5 million.
Accrington-based healthcare provider, National Care Group has acquired Steps Residential Care in Rotherham, South Yorkshire, a registered care home for people requiring nursing or personal care for learning disabilities and physical disabilities. The sale was facilitated by specialist business property adviser Christie & Co.
Frogmore borrows £26.3m from OakNorth for Westminster care home
COMPANY: OakNorth Bank TARGET: Frogmore TRANSACTION: Funding CONSIDERATION: £26 million
OakNorth Bank has made a loan to real estate investment manager Frogmore to develop a 35-bedroom specialist dementia care home in Westminster.
Optimism Health Group acquires eye care and hearing care business
COMPANY: Optimism Health Group TARGET: Outside Clinic TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Healthcare investment business Optimism Health Group has acquired Outside Clinic, a domiciliary eye care and hearing care business, which carries out more than 100,000 eye and hearing tests annually. Hazlewoods provided buy-side advisory services including financial due diligence and debt advisory. Simmonds & Simmonds provided legal advice to Optimism Health Group, and bank debt was provided by Shawbrook.
Pets at Home Group acquires The Vet Connection
COMPANY: Pets at Home Group TARGET: The Vet Connection TRANSACTION: Acquisition CONSIDERATION: Undisclosed
Pet care business Pets at Home Group has acquired The Vet Connection, a large independent veterinary telehealth firm providing round-the-clock veterinary telehealth advice, triage and ancillary services to customers via remote phone, web chat and video consultations.
Electronic health data start-up uMed raises £3.7m
London-based healthtech start-up uMed has raised funding from investors AlbionVC, Delin Ventures and Playfair Capital, as well as Silicon Valley’s 11.2 Capital. uMed’s platform automates the clinical study process.
