News

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...)