Sale of UK's biggest private NHS provider underway

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.


Share this article



Latest Businesses for Sale

Domiciliary Care Agency
Calderdale, Yorkshire and the Humber, UK

Providing support to end users with issues ranging from autism, wheelchair users and the majority being vulnerable adults. Offers invited.

Asking Price: £300,000
Turnover: £619,141

WORK FROM HOME


Private Physiotherapy Practice
Dorset, UK Wide

A rare and interesting opportunity to acquire a very successful, long established and well respected Private Physiotherapy Practice in Dorset - including its own Aquatherapy Pool and on-site car park. Offers invited.

Asking Price: £465,000
Turnover: £326,151

FREEHOLD


Private Harley Street General: GP Practice 2
London, South East, UK

Sole owned LTD company private Harley street general practices who would like to come to the market. Speciality: GP. Offers invited.

Asking Price: Offers Invited
Turnover: £375,000


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

 
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,...

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