National group acquires specialist care business
A national group has swooped for a specialist care business based in Herefordshire.
The corporate finance team at audit, tax, advisory and risk firm Crowe advised the owners of Inspiration Care on its sale to Choice Care.
Inspiration Care, based in Leominster, was established in June 2007 by Martyn Titcombe and Karen Kenny and provides care for clients in The Marches area between Ludlow in Shropshire and Hereford.
It has been acquired for an undisclosed sum by Choice Care Group, which operates more than 60 residential homes and a variety of supported living services across the South, the South West and the Midlands.
Chasz Coulsting, associate director in the corporate finance team, said: “We were first engaged by Martyn and Karen a few years ago through an introduction from their lawyers.
“It has been a pleasure to assist them with the ultimate sale of Inspiration Care to Choice Care Group, acting as lead corporate finance adviser on the deal.
“We are sure that Choice Care Group will be a good home for a business which they have built and nutured over the last 14 years.”
Andy Kay, corporate finance partner at Crowe, said: “This is a wonderful result for all parties. The Midlands corporate finance market has been increasingly active for a number of months now, and we are anticipating a surge of interest in acquisitions as the economic recovery from the coronavirus pandemic gathers pace through 2021.”
Inspiration Care was advised by Penelope Sankey of HCB Solicitors and Choice Care was advised by Acuity Law and accountants Hazlewoods.
