Revenues accelerate for social care investment group

Yannis Loucopoulos, chief executive of Tristone Capital

Tristone Healthcare has hailed a ‘landmark year’ with the pandemic highlighting the need for better social care.

The buy-and-build social care investment group  saw revenues climb from £3.84m to £16.1m in 2021.

This was across its portfolio including Premier Care Management, ProCare Wales, Sportfit Support Services, CFS Care and Juventas Services.

Tristone Healthcare is the care division of privately-owned investment company Tristone Capital which recently raised £20m of capital to o support its long-term growth ambitions.

In a year of continued expansion, Tristone’s portfolio has seen employee numbers grow to 364, while supported accommodation placements increased by 30%.

In total, the community of businesses has supported 349 vulnerable and looked-after people; registered children’s home capacity grew two-fold; school placements increased by 240%; and fostering placements rose from 10 to 17.

Yannis Loucopoulos, CEO of Tristone Capital, said: “It really has been a landmark year for our community of businesses, which have worked extremely hard in tandem with Tristone Healthcare to meet the varied and complex needs of the many vulnerable and looked-after people in our care.

“The pandemic has emphasised the vital role that these services play in supporting both young people and adults – whether that’s through supported accommodation, fostering, or children’s homes.”

In addition, community living and residential care placements for vulnerable adults remained steady for the portfolio in 2021, with an average occupancy level of 90%.

Loucopoulos added: “2022 will continue to pose considerable challenges to the social care sector, as the market attempts to balance budget, resource, regulatory and COVID-19 restraints.

“However, 2021 has shown that social care providers are robust, and leaders are determined to tackle the obstacles ahead.”

Each month, Tristone Capital will also plant 12 native and diverse trees per employee in Madagascar, Mozambique and Nicaragua.

The planting projects, carried out by Ecologi’s partners Eden Reforestation, help to support communities and reduce poverty by employing local workers.