Clough’s new company buys Abbott Healthcare

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

Kleinwort Capital Ltd (KCL) has supported the acquisition of four care homes which will come under the umbrella of a newly formed company, Healthcare Homes Group Ltd. This is the sixth investment by KCL’s £130 million limited partnership, Kleinwort Capital Partners IV. Healthcare Homes has acquired 100 per cent of the share capital of Abbott Healthcare plc as part of a £37 million “buy and build” strategy to create a regionally focused group providing elderly residential and nursing care with a high EMI (elderly mentally infirm) content. Abbott was established by its owner Gordon Ward, who acquired three of the homes in 2000 through a continuing long term contract with a local authority. Richard Clough is chief executive of Healthcare Homes. Mr Clough was previously chief executive of Care UK plc, which he was instrumental in setting up and developing into one of the UK1s most successful care providers. “Building and running a care group at an interesting time like this is an exciting prospect,” said Mr Clo

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