Initiative targets mid-market operators

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

Two firms of professional advisers – law firm Pinsent Masons and PriceWaterhouseCoopers Corporate Finance – are jointly encouraging more mid-market activity in the social care sector. The partners say healthcare has become one of the “hot” sectors for UK private equity investment, ranking as the third most active sector, and renewed investment interest in the sector has been driven by the sector’s power to generate cash, growth opportunities offered by an ageing population, the debt market’s willingness to fund transactions and prospects of further consolidation. Chief among the areas of interest are the provision of residential care for elderly people, specialist care homes for children and adults with learning and/or behavioural difficulties and associated educational facilities. The interest coincides with a time when the ever-increasing standards being imposed by the regulatory bodies, such as CSCI and Ofsted, on smaller care home businesses makes them uneconomic and is fuelling consolidation activity. Pr

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