Homecare provider secures backing for service expansion in Scotland

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

ScotNursing Ltd, a homecare, nursing agency and occupational health service provider, has obtained £1.2 milliom in private equity finding to develop further branches. Backers Aberdeen Murray Johnstone Private Equity (AMJPE) believes the company is well placed to take advantage of increased government funding for NHS and personal care. Led by founder Ann Rushforth and managing director Marion Elder, ScotNursing reported a turnover of £10 million last year, with a pre-tax loss of £82,999. Formed with just one branch in 1987, the company currently operates from nine branches and one call centre. The company has recently been working on a temporary facilities management contract supplying a nurse bank to hospitals. It has also been awarded block contracts for homecare services from two local authorities. Ms Rushforth predicts growth in the nursing market will be driven by an ongoing shortage of qualified nurses over the next few years, with the homecare market being driven by a requirement to maximise the pote

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