Care provider acquired by £75m turnover not-for-profit

React Homecare, the Nottinghamshire-based domiciliary care provider, has been acquired by a not-for-profit company based in Colchester.

Provide Community Interest Company (CIC) – an employee-owned, £75m turnover health and social care enterprise – reinvests its surpluses in the communities it serves.

Its swoop for React, which has a network of eight offices in the Midlands and Yorkshire, including sites in Worksop, Buxton and Loughborough, will enable it to grow beyond its base in the South East.

Provide was advised by FRP Corporate Finance in Brentwood, led by partner Chris Adlam and supported by associate director Joanne Price, while Birketts LLP provided legal advice.

Philip Richards at Provide Community said: “Provide is a dynamic organisation that is constantly working to deliver the very best quality care and clinical outcomes that we can. We want as many people as possible to be able to access our services, which is why we continue to be interested in buying businesses that complement our existing organisation.

“We have a target to grow and diversify revenues to £120m and will keep exploring opportunities to grow and develop our services both organically and through acquisition, whilst always putting our service users’ and their families at the heart of everything we do.”

Chris Adlam, partner at FRP Corporate Finance, added: “It is a pleasure to be able to work with an organisation with similar values to our own and to support Provide’s ambitious growth plans as it works to develop a wider portfolio of services across healthcare, social care and digital healthcare solutions.

“This latest acquisition complements Provide’s existing operations and means the organisation is well-placed to roll out its high-quality care, for the benefit of the communities it serves whether in hospitals, clinics or service users’ homes.”