Fri, 26 Aug 2022 | BUSINESS SALE
Optimo Care Group has acquired Greater Manchester-based domiciliary care provider Mayday Homecare in what it says will be the “first of many” acquisitions planned over the coming year.
Optimo is planning to use an acquisition-led growth strategy to establish itself as one of the UK’s leading providers of community care. The UK care sector is highly fragmented and has seen a strong degree of dealmaking over recent years, particularly in the wake of the COVID-19 pandemic.
Founded in 1982, Mayday Homecare serves communities in the Bolton and Bury areas of Greater Manchester, employing 160 people. The company provides 4,000 hours of care per week, which will increase Optimo’s capacity by around a third.
Optimo, which employs around 700 staff across the North of England, says that it plans to grow Mayday further by expanding its team and services.
Founded in 2010, Optimo Care Group has grown to generate annual revenues of around £12 million. The group, which is backed by funding from Oxygen Enterprise Partners, says it plans to create a network of high-quality, progressive care services throughout the North of England.
Commenting on the acquisition, Optimo Care Group’s Head of M&A Ben Hales 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.”
Optimo CEO Richard Walker 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.”
Read more about M&A in the UK care sector.
Find businesses for sale here.
If you are looking for an exit, we can help!.
An opportunity has arisen to acquire a well-established and highly profitable aesthetic clinic, nestled in a prestigious area of London. This thriving practice boasts a secure future with over five years remaining on its lease, providing a solid foun...
Established over 10 years with database of over 6000 clients, three storey 1,700 sq.ft high street unit net profit on accounts £150,000 – only trading 5 days a week.
This East Midlands-based company specialises in non-emergency patient transport, transferring NHS patients to and from hospitals, care homes and private properties. The company operates 24 hours a day, 365 days a year, and provides UK-wide coverage.
The business and assets of eyewear and optician chain Ollie ...
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
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.