The deal
A Cardiff-headquartered care company, which provides specialist supported living services to vulnerable adults, has been acquired by UK-based Accomplish Group.
Recovery Care, based in Cardiff, provides specialist supported living services to people with complex mental ill health, learning disability or substance misuse. The company was founded in 2012 by Andrea Williams and Conor Rooney, who built it up to provide support for 70 service users across its portfolio of 13 care homes.
Accomplish was established over 30 years ago and delivers specialist support to more than 1,000 people across England. The business provides a complete care pathway from residential care to supported living in the community and is a specialist provider for individuals with autism, brain injuries, mental health needs and learning disabilities.
Our Corporate Finance team, led by Director Thomas Edwards and supported by Executive Jade Burgess, managed the entire process through to successful completion. The acquisition provides Accomplish with a strategic position in supported living in the region and complement its other services locally.
This is among the many transactions the Cardiff team have completed in the specialised care sector, including the sales of New Bridges to Accomplish and Montana Healthcare to Achieve Together.
Thomas Edwards, Director at FRP Corporate Finance, said: “It’s been a pleasure to have acted for Andrea and Conor on the sale of their business to Accomplish. The process was very competitive which is testament to the hard work of the shareholders as they have built Recovery Care to be one of the leading providers in the region. Accomplish quickly emerged from the competitive process as the preferred acquirer given the strategic rationale and we look forward to seeing the businesses continue to grow in the future.”
Conor Rooney, Founder of Recovery Care, said: “Working with the Cardiff team has been a very positive experience. The whole team was always on hand to offer advice and reassurance throughout the whole sales process. They are professional and at the same time are very down to earth which made it easy to ask any questions however minor they may have been. I would have no hesitation in recommending the team to anyone contemplating selling their business.”
Legal advice was provided by Capital Law.
Deal summary
Date:
September 2022
Sector:
Healthcare
Deal type:
Selling a business
Deal size:
Undisclosed