Careforce sale to Mears goes ahead

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

The sale of homecare provider Careforce to the Mears Group has gone ahead on the basis of Careforce shareholders receiving shares in Mears or a full cash alternative and valuing the existing issued share capital of Careforce at £22.2 million. When Careforce floated as an AIM-listed company in November 2004, the company was valued at about £14.5 million. In the past two years the company has grown by acquisition, buying-up a number of smaller homecare providers. Mears, an AIM-listed company, is the leading social housing repairs and maintenance provider in the UK, providing rapid response and planned maintenance services to local authorities and registered social landlords. Careforce chief executive Mike Rogers is now an executive director on the Mears board, with his hand on the helm of the homecare operation which will keep the Careforce branding. The Lawrence Graham LLP healthcare team advising Careforce was led by Hugh Maule and assisted by Victoria Thorp and Anna Huxster. Mr Maule said: “We have advis

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