Home care business sold for undisclosed amount
A Manchester firm which offers homecare services has been sold for an undisclosed amount to a leading company.
City & County has completed the acquisition of The Human Support Group.
Established in 1998 HSG provides homecare services for adults and aims to support people so they are able to have an independent life.
HSG services are provided across the UK via a branch network of over 35 locations.
Through its 1,450 care staff, it provides services across domiciliary car, respite, independent living support and complex care.
The business has grown significantly over the past five years and turnover for the year to March 2019 was in excess of £28m.
City & County chief executive James Thorburn said: “We are delighted to welcome HSG into the City & County Group.
“HSG is a well-respected and successful business with a reputation for quality care. The acquisition will further build our presence across the UK and across the various homecare market segments including reablement, extra care and complex care services.”
The shareholders of HSG were advised by Grant Thornton Corporate Finance (Joe Pollard and Cariad Mudford) and law firm Mills & Reeve LLP (Chris Ross, Vicky Protano and Daniel Rathbone).
Joe Pollard, Grant Thornton Corporate Finance said: “We were delighted to lead this transaction for the shareholders of HSG, a business that has seen growth as a result of significant demand for its high quality services over the past few years.
“The business has found a great home and we wish it well under its new ownership. This deal is yet another in the healthcare sector for Grant Thornton showing the resilience in the M&A market, despite an uncertain political situation”
Established in 2009, City & County (backed by Graphite Capital) is one of the UK’s largest providers of community-based social care services.
Its companies support tens of thousands of people with wide-ranging care needs, helping them to continue living independently at home. Key services include homecare, complex and live-in care, reablement services, and the provision of extra care facilities.
