Wed, 03 Apr 2024 | BUSINESS SALE
Integrum Care - Clearbrook Ltd, a company that operates six elderly nursing care homes in the South East of England, has been acquired by a newly formed entity. SME capital provider Duke Capital has entered into a £14.5 million financing agreement with the entity to acquire the business, which trades as Integrum Care Group.
The financing will be used to fund the acquisition and to replace a rent deposit with the owner the Integrum Care’s leasehold properties. The deal will also see Duke take on a 49 per cent equity shareholding in the group.
Over the past six years, Integrum has acquired six elderly care homes across Kent and East Sussex. It subsequently sold and leased back four of the sites in 2022, retaining two freehold properties. Following the acquisition, Duke will support the group’s ongoing buy-and-build growth strategy.
Duke Capital Chief Executive Neil Johnson said that Integrum represented “the ideal platform to support within this sub-sector", primarily due to its “exceptional team led by [Integrum CEO] Adrian Pancott”.
Johnson continued: "Integrum has demonstrated a strong track record of buying and integrating quality elderly nursing care homes run by best-in-class home managers and we look forward to supporting the group as it embarks on its next phase of growth."
Adrian Pancott added: "Duke's unique capital offering is a great fit for Integrum at this time as we look to continue to invest in and improve the homes we already own, whilst looking to further M&A. Duke's existing social care sector expertise and the importance they place on quality of care makes them the perfect partner for us, and we are delighted about the opportunity to work together going forward.”
Find out more about the process of acquiring a care home - and download our in-depth guide on care home acquisitions - here
This is a unique opportunity to acquire a highly respected company, accredited by the RSPCA, with a strong network of loyal clients and expertise in animal health, offering the flexibility of a relocatable operation
LEASEHOLD
Established for over 30 years, the business is located near a seaside town providing a range of care solutions for the Elderly (over 65’s); it is now on the market for sale. In addition to offering Residential care, the business also specialises in,...
FREEHOLD
Represents an opportunity for an acquirer seeking a private dentistry based in Cheshire, and boasting 3 well-equipped, modern surgeries.
FREEHOLD
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.