Tue, 18 May 2010 | BUSINESS SALE
Buyers are being sought for healthcare business Care Principles, one year after its owner Barclays wrote down its £200 million investment in it.
Barclays Capital investment division is looking for potential new owners, and is thought to be communicating with Four Seasons Healthcare, one of the largest care home companies in the UK, together with several other care home operators.
There has been no mention of a price tag, though it has been predicted that the Suffolk-based healthcare group will be unable to recoup its losses in the sale.
Property fund Three Delta bought Care Principles for £270 million in 2007, with the backing of Barclays Capital. With substantial debts looming, the bank took control in 2009.
The last recorded accounts of the company revealed revenues of £55 million for the year to 30 April 2009, while its profits stood at £4.5 million.
The group was established in 1997, and offers care services for people with learning disabilities and autism, amongst others.
It operates 430 beds in secure and community hospitals, as well as care homes. The operator currently has over 1,500 staff including psychologists, nurses, therapists and social workers.
This well-established haulage business specialises in transporting a variety of steel materials and boasts a strong client base, including long-standing relationships with industry leaders. With a highly skilled team and all vehicles compliant with E...
This business presents a unique investment opportunity with a solid customer base and potential for further growth through new product lines, supported by a managing director willing to stay and drive development.
This well-established company, known for its unique, high-quality products, stands out as a leading supplier with a strong presence in the floristry sector. With a skilled management team and state-of-the-art manufacturing facilities, the business is...
Please choose your settings for this site below. For more information please read our Cookie Policy
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.