Priory to sell care home business

Tue, 16 Jun 2015 | BUSINESS SALE

The Priority Group, the business behind the celebrity rehabilitation clinics, is set to sell care home business, Amore Care.

Reports from the Sunday Times indicated that the company's private equity owner, Advent International, has been in talks with Rothschild bankers regarding a sale of the asset. The business is valued at less than £50 million, making it a relatively minor asset in a business which in total is thought to be worth around £1 billion.

The situation remains somewhat uncertain as Advent told the paper: “We have not appointed Rothschild to explore exit options and we are not considering a float for the business this year.”

However, sources indicate that a sale is on the horizon and would need to take place ahead of the rumoured flotation in 2016.

Advent bought the Priory Group in 2011 for £925 million from the Royal Bank of Scotland. The talk of the float of Priory in London originated from senior City sources in the capital and has not been confirmed by Rothschild or Advent.

Amore Care offers residential, dementia care and nursing to older people with various requirements. It has locations across the UK, including in London, Preston, Ipswich and Prestwick.


View other care homes for sale.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
26
 
Apr
 

Chester-based bike seller up for sale | ADMINISTRATION

A firm based near Chester that sells bicycles and cycling ac...

 
22
 
Nov
 

Online cycling retailer Wiggle for sale | BUSINESS SALE

Wiggle the online cycling retailer popular with a rising lea...

 
14
 
Nov
 

National Fostering Agency up for sale | BUSINESS SALE

Sovereign Capital has put the National Fostering Agency (NFA...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources