Care UK absorbs specialist provider

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

Care UK, the Colchester-based long term care provider, has bought Althea Park, a specialist provider of residential care to women with eating disorders, or who are prone to self-harm, for £5.1 million. Care UK acquired Althea Park from Marlowe Child and Family Services Ltd, a privately owned business. Althea Park¹s turnover last was £2.5 million, with pre-tax profit of £505,000. Situated in Stroud, Gloucestershire, Althea Park has three residential homes which provide 20 beds for adolescent and adult patients on individual placement agreements with NHS Trusts and local authorities across the UK. Care UK says the company is highly regarded, and opportunities exist to replicate services in other areas to meet the increasing demand for such specialist care. Care UK chief executive Mike Parish said the acquisition increased his company¹s presence in mental health specialist services and built on Care UK¹s strategy of offering higher added value specialist services for local authorities and the NHS. Althea P

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