Shaw healthcare, an employee-owned care provider for elderly people, has agreed to sell a minority stake to Bridges Evergreen Holdings for £10m to accelerate its growth and development.
With 52 care homes across England, more than 3,500 employees and revenues of over £90m last year, Shaw healthcare is one of the ten largest employee-owned companies in the UK and will continue to be substantially owned by its employees for the long-term. The company enjoys strong relationships with local authorities and the NHS, from whom it derives over half of its income through long-term contracts.
Evergreen is a permanent capital vehicle managed by Bridges Fund Management, a specialist sustainable and impact investor. Unlike standard private equity funds, Evergreen has no requirement to exit in a finite period – allowing it to provide financial and operational support to Shaw over the long-term. As part … Read More »
Work has begun on a £1.6m supported living development in Colne, Lancashire.
Due for completion in Spring 2018, the three storey scheme will provide 11 apartments alongside communal areas and landscaped gardens specially designed for adults with a range of support needs.
New residents will receive a tenancy agreement and there is no limit to how long people can live there.
The development, a three-way partnership project between Making Space, a national charity and leading provider of health and social care services, specialist accommodation developer Homelife and health and social care landlord Inclusion Housing, is intended to enable adults with a range of support needs to live as independently as possible, with support from an on-site care team.
Castleoak, Mike Parsons and Dutch operator in new venture to create Martha Flora UK
Established European specialist dementia care operator Martha Flora has joined forces with care sector development specialists Castleoak and operating partner Mike Parsons to create Martha Flora UK.
Amsterdam-based Martha Flora operates specialist boutique dementia care homes across the Netherlands with 13 homes currently open or under construction.
As part of the joint venture Castleoak will provide specialist land finding and acquisition services, will manage the planning process, and design and build the high quality specialist care homes. Care sector entrepreneur Mike Parsons and his team will commission and operate the new facilities and Martha Flora will provide the brand, intellectual property and operational support.
A new company Martha Flora UK Ltd has been established and will be jointly owned by the three parties, with development and construction partner Castleoak taking … Read More »