Tue, 11 Feb 2025 | BUSINESS SALE
Kara Healthcare has bought seven care homes as it continues its expansion plan.
Founded in 2013, Kara Healthcare has built a strong reputation for providing outstanding care across its three purpose-built homes in Leicestershire, Northamptonshire and Peterborough.
Now, with the addition of six state-of-the-art properties in the North East – acquired from administrators and lender ThinCats – alongside the purchase of Olive Row Care Home from the family-run operator Peterborough Care, the organisation said it is poised to set new benchmarks in the sector. All existing staff will be retained, ensuring seamless continuity of care for residents.
Nick Somani, CEO of Kara Healthcare, expressed his enthusiasm for the expansion. He said: “This is an incredibly exciting time for Kara Healthcare. These acquisitions are not just about growth – they represent our unwavering commitment to redefining care excellence. At Kara, we don’t just offer care; we create meaningful experiences, spark joy and cultivate a true sense of purpose for every resident. By bringing these fantastic homes into our portfolio, we’re expanding our reach, enriching lives and setting a new gold standard in care provision.”
Somani said more deals could be on their way. “And we’re not stopping here. With more acquisitions on the horizon, we are actively seeking new opportunities to further strengthen our group, ensuring more communities across the UK benefit from the exceptional care we deliver,” he said.
The deal was facilitated with support from full-service law firm Shakespeare Martineau. “We are delighted to have been involved in these acquisitions, which take Kara Healthcare’s portfolio to 10 sites across the UK, and demonstrates the group’s commitment to providing excellent care nationally. The deals highlight the resilience and potential within the healthcare sector,” said Roger Harcourt, corporate partner.
“While the market remains active, there are signs of distress among some operators. However, Kara Healthcare is dedicated to addressing these challenges head-on, with plans for further expansion in the coming years. We look forward to continuing to work with and support Kara Healthcare with its ongoing growth strategy.”
Find out more about corporate compounding M&A models
This UK-based company is a leader in specialist cleaning services, boasting top-tier equipment and an impressive client retention rate, while accredited by several key industry bodies. With an experienced operations manager capable of independently d...
This business, known for its expertise in bespoke modular and containerised data centres, stands out with its impartial product advice and commitment to quality, as evidenced by its ISO 45001 and ISO 9001 certifications. With 70 active clients and a...
his well-established company offers unique and premium behavioural training solutions and fully managed feedback services, making it a leader in the learning and development sector. With a strong client base and a reputation for facilitating high lev...
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.