Care Management Group completes MBO

Posted on April 1st, by editor in Caring Times. No Comments

Care Management Group (CMG) completed a management buy-out in mid-March. Backed by Isis Equity Partners and led by Deloitte & Touche, the deal saw CMG senior management gain a financial stake in the group. CMG chairman and managing director Michael Buckingham said the company, which he founded six years ago, provided care for people with learning difficulties and related complexities, particularly challenging behaviour. Before setting up CMG with three other shareholders, Mr Buckingham had operated his own business, and been a non-executive director in a large learning disabilities trust. “Following the disposal of my previous company, I set-up Care Management Group with an absolute mandate that it be a quality provider of specialist care,” Mr Buckingham told Caring Times. “We now operate 49 homes with 330 beds and four fully-equipped skills centres. We employ 700 people and have an annual turnover of £18 million.” CMG homes tend to be small units of seven or eight beds, often converted to purpose from exist

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