Thu, 12 Dec 2019 | BUSINESS SALE
Living solutions provider Appello has acquired telecare and out of hours call monitoring service Medvivo Careline from its parent Medvivo Company.
Medvivo started trading in 1989 as Magna Careline. It provides alarm monitoring as well as a comfort call service, with the intention of assisting customers in preserving their safety, wellbeing and independence in their own homes.
Its customers will continue to have access to their current level of service and will also soon be able to use Appello’s digital monitoring platform CareNet.
The acquisition of Medvivo is Appello’s second largest acquisition of the year and comes after its purchase of telecare services provider RedAssure Independent Living in October.
Medvivo Managing Director Liz Rugg said: "When we decided the time was right to exit telecare monitoring to focus on our core areas of strategic growth, such as providing integrated urgent care services across Bath and NE Somerset, Swindon and Wiltshire, we knew we needed an excellent partner to take over the service.”
"We chose Appello because we were impressed by their approach to quality of service, and their commitment and record in delivering customer experience improvements through innovation. We knew our customers would be safe and secure in the hands of Appello."
Tim Barclay, Chief Executive of Appello, said: "Medvivo Careline have delivered a quality service for their customers for many years and we look forward to continuing that tradition.
"We felt a strong synergy because of our respective emphasis on service excellence and were attracted by their diverse customer base – from supported residential developments, to individuals living in their own homes in the community.
"The acquisition represents the continuation of our ambitious growth strategy and reinforces our position as the leading provider in the UK of both telecare monitoring and digital telecare services."
The company offers personalised services to a growing client base, ensuring all art mounting, conservation and restoration requirements are met by a team of highly skilled specialists. Serving museums, galleries, Government departments and private co...
LEASEHOLD
The company operates as a supplier, installer and maintainer of a range of security solutions, including Intruder, Access Control, CCTV and Warden Call Systems. The business currently provides its services to 2,000 active clients, approximately 80% o...
FREEHOLD
Niche contractor to gas network operators. Services include purge and relights and meter relocation. £625,000 average adjusted EBITDA.
LEASEHOLD
27
|
Jan
|
Administrators to sell assets as office furniture maker collapses | ADMINISTRATION
Bluespot Furniture, a West Yorkshire-based furniture manufac...
26
|
Jan
|
UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS
New analysis from PwC has revealed that UK M&A activity decl...
26
|
Jan
|
Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS
Stowe Family Law, a Leeds-headquartered specialist family la...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources