When was CARE UK acquired by WELLTOWER?

CARE UK was acquired by WELLTOWER in 2024.

What was the revenue of CARE UK at the time of the deal?

The revenue of CARE UK at the time of the deal is estimated to be in the range of 250M - 500M GBP.

What was the EBITDA of CARE UK during the acquisition?

CARE UK's EBITDA is estimated to be in the range of 50M - 100M GBP.

How is the data for the CARE UK acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CARE UK deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.bridgepointgroup.com/about-us/news-and-insights/press-releases/2024/bridgepoint-announces-sale-of-care-uk

← DATABASE

Home Database Healthcare & PharmaCARE UK

11/2024

CARE UK acquired by WELLTOWER

UNITED KINGDOM Health Providers / Healthcare Facilities / Nursing Homes REV 250M - 500M GBP

Context

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).

It is worth noting that the fund Bridgepoint took control of Care Uk through an LBO in 2010.

CARE UK, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.3x).

-> Deep-dive in Healthcare & Pharma market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year

Rev

EBITDA

EBIT

2023

2022

Other operations with CARE UK

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2010	BRIDGEPOINT	CARE UK	UNITED KINGDOM	Nursing Homes

REFERENCES

Revenue range: 250M - 500M GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CARE UK by WELLTOWER are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.