Care group makes ‘first of many’ planned acquisitions
Care group Optimo has bought a Greater Manchester care provider in the “first of many” acquisitions it is planning for the next year.
Mayday Homecare provides domiciliary care in Bolton and Bury, employing 160 people. It has been operating since 1982 and has been run by John and Marie Spackman for the past 25 years.
Mayday will become part of Optimo Care Group, which employs 700 people operating across the North of England.
This acquisition is the first of many planned to take place over the next 12 months as Barnsley-headquartered Optimo looks to position itself as one of the UK’s leading community care providers.
Ben Hales, from Optimo Care Group, said: “The acquisition of Mayday complements our strategy to acquire community care businesses across all the segments of homecare. We aim to add our financial and technical resources to these businesses to help continue their growth into the future.
“This acquisition furthers the breadth of our offering in the homecare market and cements Optimo as one of the region’s leading community care providers.”
Mayday delivers 4,000 care hours a week and will increase Optimo’s delivery by around one-third. There are also plans to increase the size of Mayday’s team through further expansion of its services.
Optimo Care Group was co-founded by Mark Hales, who is a shareholder in TheBusinessDesk.com, and Richard Walker in 2010 and now generates annual revenues of £12m. Its vision is to create high quality, progressive and a well-reputed family of care services across the North of England. The group is backed by Birmingham-based Oxygen Enterprise Partners.
Richard Walker, chief executive at Optimo Care Group, added: “This partnership is the culmination of months of hard work and is a great example of Optimo’s pro-active, market-led approach to acquisition.”