Careforce acquires another homecare operator

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

Major homecare provider Careforce has acquired Northamptonshire based homecare provider, The Gentle Touch for £200,000, with no deferred element to the transaction. The Gentle Touch is based in Towcester and provides most of its domiciliary care services to Northamptonshire Social Services, generating about three quarters of its revenues through a mixture of block and spot contracts. The company also has several contracts with private clients. The business currently provides around 600 hours of care per week and has 30 carers on its books. Based on the unaudited accounts for the year ended 31 March 2005, Gentle Touch achieved an operating profit of £30,000 on turnover of £479,000. The assets acquired do not exceed £3,500. Careforce chief executive Mike Rogers said that, while the acquisition was relatively small, it was strategically important for his company as it complemented its existing business ­ Independent Home Care ­ in the Northamptonshire region. “Independent Home Care, which we acquired in De

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