RDCP Care buys second care home


Posted on December 14th, by geoff in Caring Times. Comments Off on RDCP Care buys second care home

One of the biggest care homes on the Welsh borders, St Nicholas House in Montgomery, has been acquired by RD Capital Partners (RDCP Care) in a leveraged buyout deal supported by a seven figure funding package structured by Allied Irish Bank (GB).

Purchased from its previous owners, Roger and Sheila Hill, the 49-bed purpose built nursing home is RDCP Care’s second care home acquisition this year after completing the purchase of Kings Bromley care home in Staffordshire, their flagship care home in the Midlands.

Established in July 2015 by Sameer Rizvi and Iryna Dubylovska, RDCP Care is the care home management arm and subsidiary of London based investment firm, RD Capital Partners LLP. This is an important milestone for RDCP Care as the group’s enterprise value (EV) has now risen above £10m and the number of employees is now more than 130.

The management team are also proud of the fact that they managed to fuel this growth without selling any equity or board seats to any outside investors.

Newly promoted Regional Manager, Rosie Howell, will be overseeing the operations and working closely with the Manager of St Nicholas House, Stephen Evison. St Nicholas House was established as a residential care home in 1986, and was extended in 2010 to become a fully purpose-built nursing home.





Comments are closed.


Latest blog posts

Do as you would be done by

By Caring Times editor GEOFF HODGSON

I have been contacted by a man who is unhappy about the “administration fee” which some providers charge when someone...

Public/private integration of social care is the first challenge

By Caring Times editor GEOFF HODGSON

I think the phrase ‘put your own house in order first’ comes from the Bible; whatever its provenance, it certainly...

Evasion comes naturally – caring too, but we need to work at it

By Caring Times editor GEOFF HODGSON

Who remembers the ‘Peanuts’ cartoons in which Lucy is forever snatching the football away just as the ever-trusting Charlie Brown...