Nestor News
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Carewatch Care Services
We have successfully completed negotiations for the sale of Carewatch, our social care franchise business, to Lyceum Capital for £37m.
The purchaser is a new company formed for the purposes of implementing this transaction and is ultimately controlled by Lyceum Capital, a private equity partnership focused on investment in UK mid-market businesses and consumer services.
We believe that now is the right time to realise the significant value created in Carewatch. We are pleased that we have achieved a positive outcome for Carewatch Care Services, the continuing operations of the Group and for our shareholders.
The full press release, which contains the mandatory financial and regulatory detail, is available here. Full and more formal communication will follow imminently from Lyceum and from ourselves at Nestor as we work in partnership to conclude the process of transition.
The Board wish the newly formed independent company continued success. (back to headlines...)
Our Customers Say
“The care my husband gets from his carers has always been with courtesy and compassion in carrying out his needs.”
Relative of Service User,
Highfield Homecare – Southend-on-Sea
Welcome
We are the largest independent organisation dedicated to providing managed services to the UK health and social care market.
Our customers; such as the Primary Care Organisations, hospital trusts, nursing and residential homes, prisons, and private individuals, should continue to benefit from increased efficiencies in our organisation and that our responsiveness to their needs is our primary focus.
We are immensely proud of the health and social care professionals and our own teams that work tirelessly and diligently to provide valuable healthcare services and improve the quality of life for a great number of individuals, every day.
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