Sovereign backs two healthcare acquisitions

UK buy-and-build specialist Sovereign Capital has announced the acquisition of two healthcare companies.

The private equity firm has backed the bolt-on of Inclusion Care by supported living provider Select Living Options, and the acquisition of Community and Homecare Services by Sovereign’s domiciliary care investment, City & County Healthcare Group.

Dominic Dalli, partner at Sovereign Capital, says, ‘These two acquisitions are strategically important for City & County and Select Living Options as they significantly extend both businesses’ geographic coverage, allowing their management teams to pursue further organic growth as demand for their high quality services increase.’

Worcestershire-based Inclusion Care provides supported living and domiciliary care, primarily for adults with learning disabilities and mental health needs.

The acquisition will extend Select Living Options’ geographic coverage and expands its service delivery into domiciliary care, increasing the number of individuals it cares for by 60 per cent, according to a statement.

Community and Homecare Services is a domiciliary care business that provides care in the home, predominantly for elderly people.

Sovereign’s investment in City & County in September 2009, the group has increased its provision of care hours by 166 per cent to nearly 80,000 per week.

Sovereign has completed eight transactions in the healthcare services sector in the past six months using its buy-and-build model.

The private equity house has £650 million under management and invests up to £40 million in management teams.

Todd Cardy

Todd Cardy

Todd was Editor of between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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