Tue, 01 May 2018 | BUSINESS SALE
Private equity company Bridgepoint is selling Care UK, which is Britain's largest provider of NHS services.
The group, which is being sold in two parts, overseas the provision of surgical clinics and the 11 medical helpline, as well as mobile diagnostic units, GP services and 114 care homes that provide 8,000 beds for the country's elderly population.
According to the Financial Times, the sale of the care home has already begun, with the first round of bids already received by advisor Rothschilds. However, Bridgepoint is also looking to sell its healthcare services business, either as a whole or with prisons, hospitals and the 111 service being sold separately.
Bridgepoint originally took command of Care UK in 2010, purchasing the business as a whole for £420 million. The splitting of the business during the current sales process will see the care home operations go under the hammer first.
Currently, the firm only owns around 35 per cent of its care homes due to financial pressures forcing the firm to sell in recent years. Previous business division sales include as 323 bed mental healthcare business, its domiciliary care business and a learning disabilities business.
According to a spokesperson, it is hoped the sale will make it possible to provide financial returns to creditors. They said: "There [is] still a lot of interest in the sector right now and it [is] time to start returning cash to investors."
Commenting on the sale, Michelle Tempest, partner in healthcare consultancy Candesic, added that splitting the company could help attract the right buyers.
"Even the healthcare business is massively diverse, with healthcare in prisons markedly different from running surgical clinics or the NHS helpline," she said.
Well established domiciliary care agency. This business is set in a convenient and accessible location further upholding a truly enviable reputation. This is a retirement sale. Viewing is highly recommended. Offers invited.
LEASEHOLD
Specialises in the import and export of quality branded and certified pharmaceutical products into dominant international markets. Highly skilled workforce enabling the company to source high-quality medicines from licensed manufacturers across the...
LEASEHOLD
A unique opportunity has arisen for a new buyer to take ownership of an established and reputable Housing Support Concierge Service. Trading for a number of years, the business has built an impressive level of profitability providing a range of essen...
RELOCATABLE
|
10
|
|
Nov
|
BT to sell off its fleet division | DIVISION SALE
BT Group is preparing to sell its fleet management arm encom...
|
08
|
|
Nov
|
Open Cell to merge with Stratto | MERGER
Global investment firm, Digital Colony has acquired Open Cel...
|
06
|
|
Nov
|
Butcher chain falls into administration | ADMINISTRATION
Yorkshire-based butcher chain Crawshaw has fallen into admin...
Sign up to receive our acquisition alert emails to get your FREE guide
|
29
|
|
Apr
|
JAB Holdings buys Pret a Manger in GBP1.5bn deal | BUSINESS SALE
Private equity firm Bridgepoint has agreed to sell sandwich ...
|
19
|
|
Apr
|
Oasis dentistry chain for sale | BUSINESS SALE
The company behind Oasis Healthcare is reportedly preparing ...
|
29
|
|
Apr
|
Pret owner set to buy Côte | BUSINESS SALE
Pret a Manger's owner, private equity firm Bridgepoint,...
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