THG merges into Montreux’s Active Care Group
Montreux Healthcare Fund’s operating company Active Care Group has merged with specialist care provider The Huntercombe Group (THG). The deal is expected to add over £13 million EBITDA.
Back in November 2020, The Montreux Healthcare Fund purchased part of THG’s portfolio from the joint administrators of the Four Seasons Health Care Group Alvarez & Marsal in a deal worth £35 million.
THG has been around for over 30 years providing hospital and residential care for young people and adults with mental illness, brain injuries that require rehabilitation or ongoing neurological care, or who have learning disabilities amongst other high acuity care needs.
Established in 2019, Active Care Group supports over 2,000 children, young people, and adults in need of complex care and rehabilitation services across 60 locations in England, Scotland, and Wales.
The merger will now secure 14 freehold properties and nearly 390 service users for the business, adding a mental health specialism to Active Care Group’s already strong learning disability and neurological injury specialisms.
Montreux says the deal places the group on a strong footing, with significant synergies and organic growth anticipated in 2022 as a result of the businesses coming together.
Oliver Harris, managing partner, Montreux Capital Management (UK) said: “The merger of these two businesses is a crucial step forward for the Active Care Group and the Montreux Healthcare Fund. The Huntercombe Group is a very high-quality business with a strong senior leadership team which will complement the Active Care Group’s already strong business model. Importantly, the merger should deliver significant value to the fund’s investors.”
Dr Sylvia Tang, chief executive, Active Care Group added: “This is a fantastic opportunity to bring our wealth of clinical strength and expertise together to deliver the best care and outcomes for individuals in the right settings – in hospital, residential care, supported living or at home. We are very excited to come together to deliver continuous improvement in the care we deliver.”
Date published: January 7, 2022