Livingbridge to explore sale of Helping Hands
Mid-market private equity firm Livingbridge is working with financial advisory PwC to explore a sale of Helping Hands, a British domiciliary care provider, HealthInvestor hears from multiple market sources.
Sources estimate the process is expected to launch in late 2022.
In 2020, Helping Hands had a revenue of around £125 million and an EBITDA of £14.5 million, according to the latest publicly available accounts.
Helping Hands intends to get a valuation in the £140-150 million region with logical suitors including the domiciliary care provider City and County, said two sources. Technology-enabled home care company Cera Care could also consider a bid for Helping Hands, said a different source.
The sale would end a four-year holding period for Livingbridge.
Founded in the late 1980s, Helping Hands provides live-in, visiting and dementia care for elderly patients across the UK. The business is headquartered in Alcester, Warwickshire and operates from more than 123 branches across the UK, according to the sponsor’s website.
Livingbridge, PwC and Helping Hands have been contacted for comment.