CARE UK
Acquired by
BRIDGEPOINT
CARE UK acquired by BRIDGEPOINT
Target
CARE UK
Acquirer
BRIDGEPOINT
Context
Bridgepoint acquired 100% of Care UK plc in a public-to-private transaction, taking the company off the public markets to enable a more aggressive growth strategy. The strategic rationale focuses on three pillars: accelerating organic growth, pursuing selective bolt-on acquisitions, and further developing both the social care and NHS healthcare divisions with the support of Bridgepoint's capital and sector expertise. The existing executive management team was retained in full to lead the next phase of Care UK's development, with no changes to front-line care provision.
CARE UK, which reported an EBITDA margin of LOGIN in 2009, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the Healthcare & Pharma sector (13.3x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Care UK is one of the UK's largest residential care home chains, founded in 1982 and operating more than 150 homes for older people across the United Kingdom, employing approximately 10,500 staff. Under Bridgepoint's ownership since 2010, the business more than doubled its estate from 59 homes at entry, and fundamentally transformed its revenue mix by increasing the proportion of higher-margin private-pay residents from 5% to over 50%. Care UK is widely recognised as a market leader in care quality, holding the highest number of Outstanding-rated homes in England as assessed by the Care Quality Commission, and achieving 100% compliance in Scotland and Wales.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (GBP)
Other operations with CARE UK
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 11/2024 | WELLTOWER | CARE UK | UNITED KINGDOM | Health Providers | Bridgepoint divested its entire stake in Care UK to Welltower, a US healthcare REIT, marking the conclusion of approximately 14 years of private equity ownership. Bridgepoint had originally acquired Care UK in 2010 and had previously attempted an unsuccessful sale process, incurring £2.5 million in abortive advisory costs as disclosed in its 2019 accounts. The deal excludes Practice Plus Group, which was carved out by Bridgepoint in 2019 and remains under its ownership. Bridgepoint was advised by Barclays (corporate finance), Allen & Overy (legal), and EY (financial and tax). |
REFERENCES
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: bridgepoint