Plimsoll indentifies 80 takeover targets

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

At least 80 UK care home providers are prime targets for a takeover and another 131 could be sold off by their parent companies, according to a new report by independent business analysts Plimsoll Publishing. At the other end of the scale are 32 major companies that are expanding rapidly, largely through acquisitions, and 67 “predators” who are using the misfortune of others to clean up in the market. “The 80 takeover targets we have identified generally have a similar profile,” said Plimsoll’s senior analyst, David Pattison. “They are privately owned, are in financial difficulty and have owners who are approaching retirement. “Any firm in this position should be listening to the warning bells, because its potential selling price will be in the bargain basement. The other 131 distressed companies are operating as divisions of larger parents. I’m fairly certain that conversations are going on behind closed doors about their future.” Plimsoll says the big players in the social care market are

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