Tue, 27 Jul 2010 | BUSINESS SALE
Mental health service operator, Care Principles, has been put up for sale by its owner Barclays Capital.
Four Seasons Healthcare is currently in talks to acquire the business of Care Principles, considered to be a good fit for Four Seasons’ division Huntercombe Group, which runs care homes specialising in mental health problems, brain injury and care of children with special needs.
Four Seasons is working to finalise an extension on its debt repayments that will enable it to purchase the business. 75 per cent approval is needed from its bondholders, or Care Principles will be auctioned off instead.
Barclays Capital supported Three Delta in its purchase of Care Principles in 2007 for a total of £270 million. Barclays took control of the care operator last year, however, when Three Delta struggled under the weight of hefty debts.
Barclays wrote down the value of the Suffolk-based business by over £200 million in 2009. For the year to April 2009 profits stood at £4.5 million.
Founded in 1997, the service has 1,500 staff attending to 430 beds in 16 homes and hospitals in the UK.
Offered for sale is a highly regarded firm of commercial building consultants and surveyors, dedicated to providing expert advice and guidance in order to maximise the value of clients’ building assets.
The company designs, manufactures, installs, and maintains bespoke dust control equipment across the UK. Priding itself on its extensive in-house knowledge, the company provides a full range of filters, fans, and ducting, as well as offering annual C...
This business is a true powerhouse, offering customers everything they need to achieve their desired spaces in one convenient place. Whether they’re undertaking a full-scale renovation or searching for that perfect finishing touch, the solutions offe...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.