Wed, 17 Apr 2013 | MERGER
A Yorkshire domiciliary care provider, Springfield Homecare Services, has purchased Newcastle upon Tyne-based Positive Live Choices in order to merge together to provide a stronger service.
With revenues of £13 million and 800 employees Springfield is already a strong player in the domiciliary care business in Yorkshire.
The acquisition of the domiciliary care business will bring an extra 2,000 hours of care to Springfield’s offering, along with regional expansion into the North East of England and relationships with new local authorities.
Springfield’s acquisition was backed by an investment of £4.4 million provided in June 2012 by the Business Growth Fund (BGF). Set up to support SME growth, BGF is backed by Barclays, HSBC, Lloyds, RBS and Standard Chartered.
A portion of this cash boost - £1.47 million - has been utilised in Springfield’s development on The Grange Care Village in Seacroft, Leeds, due to be finished in the autumn this year.
Positive Live Choices provides care services to people with learning disabilities and the elderly based in Newcastle, Gateshead and Darlington. The business has seen steady growth since it was established in 2007, with revenues of £1 million and 90 staff. Co-founder Amanda Dickinson is to remain with the business in the role of general manager.
Founded in 1996 Springfield Homecare gives personal and domestic care to people in their own homes. Based in East Leeds, it also has offices in Hull, York and Knaresborough.
Founder of Springfield Healthcare Graeme Lee commented, “I am delighted to announce our acquisition of Positive Life Choices. This marks the start of an exciting period of growth into the North East for Springfield Homecare, alongside its existing progress within Yorkshire and Humberside.”
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