Our Corporate Finance team has recently completed the sale of residential care and supported accommodation group, Integra Community Living Options (Integra), to a leading provider of care and support services to vulnerable adults, National Care Group (NCG).
With a successful portfolio of residential care homes, strategically positioned along the M4 corridor in South Wales, Integra is an award-winning provider of specialist residential care and supported accommodation for individuals with complex mental health needs. The Integra Group currently provides support to around 50 individuals, and it aims to support every individual to maximise their independence and quality of life.
The shareholders of Integra appointed the team to conduct a full sales process which involved marketing the business to a select group of potential acquirers, before agreeing the sale to National Care Group.
NCG had been looking for a strategic acquisition in Wales to continue is strong geographical expansion. Both companies share common values and complementary services. The team supported the shareholders through the sale process, structuring and negotiating the deal and working alongside Harrison Clarke Rickerbys handling all the legal and completion documentation. NCG were advised by Shoosmiths and RSM provided financial due diligence.
“NCG and Integra share a common commitment to person-centred care, and we believe that NCG’s ownership will benefit the individuals Integra supports through providing access to NCG’s extensive national expertise in both registered care and supported living. This is an exciting time for Integra’s team, and our shared ambition to make the most of Integra’s local strengths with improved national support from NCG will strengthen and expand Integra’s services in Wales.Darren, Richard and the wider team delivered from start to finish by providing timely advice and resource throughout the process. A strong sector understanding, coupled with a tailored approach to our specific shareholder needs, helped ensure that the process was as smooth as possible from all parties’ perspectives”. Peter Max, Managing Director of Integra.
“We welcome Integra to NCG and look forward to working with its dedicated team to continue providing person-centred care for the individuals it supports. We believe that this acquisition will enable further development of the services provided by Integra and its staff. We see Integra as an important part of our growth strategy given its strong local presence and reputation in Wales, which is an area that we have been looking to operate in for some time.” James Allen, CEO of National Care Group.
Selling a business
Darren, Richard and the wider team delivered from start to finish by providing timely advice and resource throughout the process.Peter Max Managing Director of Integra