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...)
Our Customers Say
“The Care Workers are very friendly and helpful. I suffer from a mental illness, and they are very understanding. This I find comforting, as it is unusual for someone not trained in mental health conditions.”
Service User, Stoke
Governance
Corporate Governance
The Board of directors leads and controls the Company by holding at least eight
meetings a year at which its current and forecast performance are examined. Regular
reports on monthly performance and other matters of importance to the Company and
Group ensure that the Board is supplied in a timely manner with the information
necessary to make an informed judgement.
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Corporate and Social Responsibilities
The Group believes that involving its employees in all aspects of its business,
particularly the economic and financial factors affecting the Group's performance,
is crucial to its future success. It is always seeking ways to improve communication
across its businesses, both between its central and operational functions and between
the various operations themselves where appropriate.
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