Tue, 16 Jun 2015 | BUSINESS SALE
The Priority Group, the business behind the celebrity rehabilitation clinics, is set to sell care home business, Amore Care.
Reports from the Sunday Times indicated that the company's private equity owner, Advent International, has been in talks with Rothschild bankers regarding a sale of the asset. The business is valued at less than £50 million, making it a relatively minor asset in a business which in total is thought to be worth around £1 billion.
The situation remains somewhat uncertain as Advent told the paper: “We have not appointed Rothschild to explore exit options and we are not considering a float for the business this year.”
However, sources indicate that a sale is on the horizon and would need to take place ahead of the rumoured flotation in 2016.
Advent bought the Priory Group in 2011 for £925 million from the Royal Bank of Scotland. The talk of the float of Priory in London originated from senior City sources in the capital and has not been confirmed by Rothschild or Advent.
Amore Care offers residential, dementia care and nursing to older people with various requirements. It has locations across the UK, including in London, Preston, Ipswich and Prestwick.
View other care homes for sale.
The successful purchaser will acquire a fast growing, leading independent recruitment agency, providing temporary, contract, an permanent positions and solutions across various sectors nationwide.
It’s a family business, known for its reliability, its good network and competitive pricing, working for well-established builders and civil engineering companies, enjoying an excellent reputation, predominantly in Manchester and the Northwest.
This is an excellent opportunity to acquire a traditional fishmonger serving a retail, wholesale, and internet clientele, prominently situated in the heart of an affluent market town. This is a truly fully set, turnkey opportunity with an income stre...
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.