Cera Care buys HCRG’s homecare division

London-based Cera Care has acquired homecare businesses CRG Homecare and Allied Healthcare from recruitment group HCRG, HBI has reported.

Allied Healthcare is a large care provider specialising in home care services. It also cares for children with behavioural needs, people with disabilities, those recovering from illness or injury, and provides clinical care by community nurses. CRG Homecare provides domiciliary care, supported living, and continuing healthcare.

The management team of the brands will remain in place and existing operations are expected to continue as normal.

HCRG acquired Allied Healthcare in 2018 when it was about to collapse financially, after which HCRG’s owner Twenty20 Capital merged Allied with its homecare brand, CRG Homecare.

Igal Aciman, chief commercial officer at Cera, said: “We’re hugely excited to have completed the acquisition of CRG Homecare and Allied Healthcare, and to be welcoming them into the Cera family. This deal provides us with an ideal springboard through which to accelerate our growth throughout the UK, as well as to recruit more professional carers and nurses and, most importantly, reach a greater number of older and vulnerable people.”

Tristan Ramus, chairman at Twenty20 Capital, added: “Having acquired Allied Healthcare, on the brink of insolvency, the business has been transformed during our period of ownership. The core principles of Twenty20 Capital’s investment philosophy have driven an outstanding shareholder return in under three years. Supporting and augmenting the management team to execute challenging strategic and operational decisions has created a highly attractive, scaled and profitable platform in this highly competitive homecare services market.”

Cera Care employs around 6,000 staff and reported revenue of £54.2 million for its 2020 fiscal year.

Date published: October 15, 2021

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