Bridgepoint will be concluding the acquisition of UK care services provider Care UK.
Care UK provides care services through it’s facilities as well as in the growing home care sector. In addition they are a provider of NHS Walk-In centers. The acquisition is valued at 309 million Euro (about 460 million US Dollars).
Jamie Wyatt, director responsible for Bridgepoint’s UK healthcare investment activity, said, “Today’s offer is a fair one that comes with the unanimous recommendation of the independent directors of Care UK to the Care UK shareholders, and which will allow Care UK to accelerate growth and undertake selective acquisitions in a way that it was unable to as a quoted business.”
As an aside this compares in several ways with the 920 million US Dollar investment that Blackstone made to take (homecare services provider) Apria private in the USA. We wrote about this last year “Why Invest In Homecare? – Revisited – Blackstone Bids For Apria“.
Of course Care UK and Bridgepoint will continue to be going up against the likes of the agile and behemoth Bupa who is also not sitting still.
To view other Bridgepoint healthcare investments click here and adjust the tab.
With the age and population demographic being so favorable, these types of deals in services and facilities will only continue.
Frank Barlin is Managing Partner at Sibaya LifeScience!
