Alantra advises on international healthcare deal

Birmingham’s Alantra has advised the founder of Balhousie Care Group, one of Scotland’s leading care home providers, on its sale to international healthcare firm AcalisCare.

Balhousie Care Group was founded 30 years ago by Tony Banks. It is now home to almost 1000 residents in 26 care facilities, ranging from residential and nursing to specialist care, across six regions of Scotland. The deal with AcalisCare means Balhousie and its 1400 staff now enter a new growth phase.

AcalisCare, which has almost two decades of international experience in operating and developing care homes on an international level, will further Balhousie’s expansion and capital investment plans with the current management.

Balhousie’s planned capital investment includes extensions to two of its flagship homes, in Broughty Ferry and Bonnybridge. It is also advancing plans for new care homes in Dundee, Perth and Callander.

The deal was led from Alantra’s Midlands office by Justin Crowther, partner and UK head of healthcare, and Matthew Kumeta. They sourced, secured and structured the sale.

Crowther said: “We are delighted to have helped Tony and his team to secure the purchase by AcalisCare. This marks a new, exciting growth phase for Balhousie Care.”

Lieven Baten, partner in AcalisCare and the new chairman of Balhousie Care Group, said: “Balhousie Care is a natural fit for us and this deal gives us an important foothold in Scotland. Balhousie brings innovation and excitement to Scotland’s care sector. We see huge potential to grow and expand the services under the Balhousie brand.”