Altius Corporate Finance have facilitated the successful sale of Kay Care Services Group Ltd, operating across the North East of England, to an existing operator.
Established in 1996, Kay Care Services is an extensive care business, comprised of two residential care homes and a home care agency. The two care homes, Haydon View in Haydon Bridge, Northumberland, and Hepscott Care Centre in Morpeth, Northumberland, boast enviable reputations for providing excellent standards of care, support and dignity within a welcoming environment. Caring for 67 residents across both settings, both homes were rated ‘Good’ in all areas by the Care Quality Commission.
The business also operates a highly respected home care agency based in the centre of Newcastle-upon-Tyne. Merit Home Care has successfully operated since the 1990s, delivering approximately 1,600 hours of care a week throughout Newcastle and surrounding villages. Also rated ‘Good’ in all areas in their latest inspection, Merit Home Care offers a range of professional care services, including personal and medical care, companionship and end of life services.
Following our client’s retirement, Altius Corporate Finance worked alongside sister brand and specialist healthcare broker, Redwoods Dowling Kerr, to find a suitable buyer. In spite of the uncertain economic climate and the General Election in July 2024 causing doubt in the market, Corporate Finance Executive Nathan Miller navigated a successful deal for our clients through our bespoke Corporate Sales Process.
Our clients commented on the sale:
“The sale has been a massive learning curve with difficult dynamics at times, but we are thrilled that the hard work of all those involved has come to fruition. The entire team at Altius Group, especially Nathan, supported us throughout the process. He was always available and experienced in negotiating the finer details of the deal.”
Corporate Finance Executive, Nathan Miller, commented on the sale:
“I would like to pass on my congratulations to both our clients and the buyer in this transaction. The sale has taken many months of hard work, particularly in the uncertain political climate, but both parties’ professionalism has led to a satisfactory result. I wish our clients all the best in their future endeavours, and wish the buyer continued success with their acquisition.”
Are you thinking of selling your business?
If you are considering selling your business and have any questions about what you may need to consider, then one of our experienced sales negotiators are always here to chat through any important points you may want to discuss.
Are you looking to buy a business?
Are you looking to purchase a business? The Altius Corporate Finance sales team are here to work with you. Perhaps you are considering entering a new market or expanding your presence within an existing one? Whatever stage you’re at Altius Corporate Finance has a wealth of opportunities that may be of interest to you.
