Ridgemont moves into homecare

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

Care home operator Ridgmont Holdings Ltd (Ridgmont) has moved into homecare provision with the acquisition of Highcare Group plc. Property agents FPD Savills said the deal, with equity provided by Graphite Capital and funding via Fortis Bank, took Ridgmont¹s bed count to 31 care homes for 1,250 beds. Ridgmont Care Homes managing director Roger St said the acquisition of the Highcare homes complemented Ridgmont¹s existing 21 homes in terms of their quality, geography and commitment to high standards of care for their residents. “The acquisition also takes Ridgmont into certain specialist areas of residential care and the domiciliary care business for the first time,” Mr Storey said. Former Highcare chairman Barry Giddings now intends to focus on HiNet Systems Ltd, which supplies comprehensive, integrated computer-based business systems specifically for the healthcare sector.

Comments are closed.

Latest blog posts

A weary sense of deja vu

By Caring Times editor GEOFF HODGSON

So we are to be favoured with a Green Paper sometime next summer.

Theresa May’s insistence on the importance of an...

It’s a hard, hard world

By Caring Times editor GEOFF HODGSON

A recent survey has found that 63% of the general public believe the NHS provides social care and 42% think...

Sign-up and pay, or perhaps pay more

By Caring Times editor GEOFF HODGSON

There are powerful arguments why carers working at night in small specialist care facilities should be paid their full hourly...