Alina Homecare completes second acquisition
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Bridges Ventures has announced that Alina Homecare, one of its portfolio companies, has just completed the acquisition of a homecare provider in the Midlands.
This is the second deal completed by Alina and follows the acquisition of a homecare provider in Hertfordshire in May this year. Alina is continuing to invest in ‘greenfield’ branches and, in addition to the first branch that it opened on the South Coast in March, it is now opening a further two ‘greenfield’ branches in the region.
Bridges announced its backing of Alina in May last year as the latest investment of the Bridges Sustainable Growth Fund III.
Alina aims to work closely with service users, local authorities, the NHS and other organisations to innovate and be a catalyst for the much needed integration between health and social care.
Garret Turley, a partner in Bridges Sustainable Growth Funds, said Alina’s experienced management team and ambitious growth plan had proven in a short space of time that they had the requisite expertise to meet the fast rising demand for high quality home care services in the UK.