Careforce acquires Camb Care

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

Major homecare provider Careforce has acquired Cambridgeshire-based Camb Care Ltd for £1m. Camb Care is a two branch business operating from offices in Cambridge and St Neots, servicing block and spot contracts for Cambridgeshire Social Services, as well as a small number of private clients. The business currently provides about 1,300 hours of care per week and employs more than 80 carers. The unaudited accounts for Camb Care for the year ended 31 March 2005 show sales of £1.1m and an EBITDA of £113,000. Net assets at 31 March 2005 were £78,000. Based on current trading, the directors of Careforce expect operating profits of Camb Care going forward to be significantly above this level. Careforce chief executive Mike Rogers said the acquisition represented extended geographic coverage for Careforce in a County his company knew well, servicing contracts which were identical to those Careforce currently operated successfully in Cambridgeshire. “There is little overlap in services provided between the two b

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