Regard grows with merger
Caring Times, December 2016
The Montreux Healthcare Fund owns the 9th biggest care group in the UK following the merger of two of its companies.
The ACH Group, which operated 25 residential services in England, has formally merged with The Regard Partnership which provides learning disability, brain injury, and mental health care.
The Regard Partnership, headed by chief executive Sandie Foxall-Smith, now provides care and support for more than 1,000 people making the company also the estimated 4th biggest UK care group offering specialist learning disability and mental health care.
A Montreux investment vehicle acquired ACH Group in April 2014 for £40.5m, followed six months later by the Montreux Healthcare Fund purchasing The Regard Partnership for £119.5m.
The Isle-of-Man-domiciled Montreux Healthcare Fund is advised by Montreux Capital Management (UK) which oversees more than £200m worth of assets.
Montreux Capital Management’s managing partner Oliver Harris said the merger represented the next operational step to add value to the Montreux Healthcare Fund
“Since the merger we have had The Regard Partnership valued by a leading global Royal Institute of Chartered Surveyors-accredited valuer at £202m,” said Mr Harris.
“For us this is confirmation that the specialist care market continues its strong growth trend, and remains a real attraction to investors.
“We are continuing to offer high-quality care to service users as this is at the core of everything we do.” “Moreover, a number of further opportunities for the Montreux Healthcare Fund are already being actively explored.”