Ridgemont moves into homecare
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 RidgmontÂ¹s 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 RidgmontÂ¹s 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.