Four Seasons top of league after £116m acquisition of BetterCare Group

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

Four Seasons Health Care has completed the acquisition of BetterCare, the ninth largest for-profit care home operator. Four Seasons has acquired the entire share capital from 3i and management on Friday, May 6, 2005. BetterCare1s management held more than 54 per cent of the shareholding with brothers Don and James Patterson holding most of management1s share. The acquisition consolidates Four Seasons position in the South East of England where the largest proportion of BetterCare1s 1,989 registered beds are operated and secures Four Seasons1 position as the largest for-profit nursing home owner and operator in the UK with 20,500 beds and 430 locations, with annual turnover in excess of £370m. BetterCare Group comprises of a private acute hospital and 26 care homes providing nursing care to older people and specialist nursing care to younger adults with complex healthcare needs. Commenting on the acquisition Four Seasons1 Chief Executive Tony Heywood said: “Four Seasons1 UK wide geographic coverage and qualit

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