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.
Multi-faceted companies manufacturing and distributing bespoke medical models, & optical equipment. Creates unique anatomical models & supplies books, charts & educational products which are used for training purposes in the healthcare industry, as w...
The care home is a five bedded care home we lease the building so is a leasehold care home. It is in a very nice part of the Cheshire called hale barns. Offers invited.
LEASEHOLD
Private medical practice providing consultation, examination, diagnosis and management of the physical, social and psychological needs of patients. Highly experienced practitioners, specialising in all aspects of general medical practice including me...
|
19
|
|
Jan
|
Luxury lodging group enters administration | ADMINISTRATION
An Essex-based company which operates eight luxury lodge par...
|
17
|
|
Jan
|
Fine paper business enters administration | ADMINISTRATION
Arjowiggins UK, which operates a number of trading companies...
|
15
|
|
Jan
|
Hawk Plant enters administration | ADMINISTRATION
The Shropshire company, that has previously undertaken landm...
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