Ludlow Street Healthcare sold to Ancala Partners

Holmleigh Care Group, a care organisation in Ancala Partners LLP’s portfolio, has acquired Ludlow Street Healthcare, UK a specialist care provider, for an undisclosed sum.

Following the acquisition, Ludlow Street’s senior management team of practicing clinicians, health, and education professionals will stay with the business.

Ludlow Street Healthcare supports individuals with complex mental health needs since 2006. It comprises 16 residential care homes, three mental health hospitals, and a further education college across England and Wales.

Holmleigh Care, which was established in 2000, provides residential care, supported living, and domiciliary care services to adults with a varied range of disabilities and challenges, with specialist expertise and practical experience in helping those with complex and challenging behaviours. Holmleigh has 31 homes in Gloucestershire, Wiltshire, Swindon, and Worcestershire.

Infrastructure investment manager Ancala Partners LLP acquired a majority interest in Holmleigh Care back in April 2020.

Greg Lapham, chief executive, Holmleigh Care, said: “Ludlow has an excellent reputation for providing high-quality care services across its portfolio of homes, hospitals, and its education college, especially among its local authority partners. We’re proud and excited that it is joining the Holmleigh Care Group, as both companies will be able to utilise each other’s expertise and complementary footprint for the benefit of the people we support, their families and advocates, and the Local Authorities, Clinical Commissioning Groups and the NHS.

The Holmleigh and Ludlow teams are delivering on the government’s objective of improving health and care services so that more people can live in the community with the right support, and today’s transaction means the larger, combined group, has a greater ability to provide critical support to service users with a broad range of learning disabilities and mental health needs.”

David Lawrence, chief executive, Ludlow Street Healthcare, added: “This is an exciting new chapter for Ludlow Street Healthcare as we approach our fifteenth anniversary. The growing prevalence of neurodegenerative conditions such as Alzheimer’s, Parkinsons and Huntingdons, and improving brain injury survival rates, due to improved clinical care for service users, as well as the prevalence of learning disabilities, autism spectrum disorder, and an increase in mental health problems, means there is a need for high-quality, care and education options.

“We look forward to working with Holmleigh Care Group to build on Ludlow Street’s strong foundations maintaining continuity in our high levels of service and expanding our operations to provide further support to the country’s social care sector.”

An Ancala spokesperson told HealthInvestor UK: “Ancala typically partners with management teams to develop the company, devoting expert attention to strategy and operations. In keeping with this approach, Ancala worked closely with Holmleigh management to identify expansion opportunities both in selected geographies and along other segments of the adult social care market which would be synergistic with Holmleigh’s existing offering.

“The combination of Ludlow Street and Holmleigh creates a larger Group with the ability to provide for a range of mental health needs, from secure provision through to supported living in community-based homes. The enlarged Group also has a greater ability to invest and grow, providing enhanced care to a wider range of service users and support to a greater number of Local Authorities in England and Wales.”

Connell Consulting conducted the due diligence to support the sale of Ludlow Street Healthcare to Ancala Partners. Law firm Travers Smith advised Ancala Partners.

Ancala Partners declined to disclose the valuation of either Holmleigh or Ludlow Street, nor the combined group.

Date published: January 10, 2022

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