Regard acquires New Partnerships
Further expansion has been announced by the Regard Group, the UK’s fourth biggest private provider of residential and supported living care for people with learning disabilities and mental health needs, with the acquisition of eight additional services previously run by New Partnerships.
Twelve new services were opened by Regard as part of its organic growth in the year to July 2017, when it also expanded its portfolio with the takeover of Shropshire-based Adelphi Care Services, bringing to 159 the total number of specialist residential and supported living services run by Regard nationwide.
Regard chief executive Sandie Foxall-Smith said the most recent acquisition was of an organisation whose culture and care values closely mirrored Regard’s own and would strengthen the organisation’s presence in Essex with eight extra services – six for supported living.
“Our guiding principle is that everything we do should come together to ensure we are continuously enabling those we support and care for to lead more fulfilled lives, providing a rewarding working environment for our employees, and running our business prudently in order to achieve those outcomes,” said Ms Foxall-Smith.
“The kind of placements available at our new services are exactly what the local authority commissioners are increasingly requesting, so our growing capacity will be catering for identified needs.”
The former New Partnerships services and the people they support will benefit from the merger by gaining access to a wide portfolio of specialist in-house services, such as Regard’s dedicated benefits team, all designed to ensure the best possible quality of life.
Founded in 1994, Regard now employs more than 2,600 staff to support over 1,300 people to live their lives to the full and as independently as possible. Regard’s management is driving its expansion by reinvesting 100% of the organisation’s profits back into the business every year.
“We are expanding our portfolio both with organic growth and by acquiring sound people-led companies run by like-minded proprietors,” said Ms Foxall-Smith.
“New Partnerships has been delivering a great service, which is part of what we’re buying, and we’re really looking forward to working with their brilliant staff team.”
Regard regional director Sam Collier is leading the team that is helping to ensure a smooth transition for the New Partnerships services as they are incorporated into the Regard Group.