City and County snaps up Carewatch branches and schemes

City and County buys Carewatch branches

City and County Healthcare Group has completed the acquisition of 20 homecare branches and five extra care schemes from Carewatch, for an undisclosed sum.

The deal, which cements City and County’s position as one of the leading independent homecare providers in the UK, is for sites primarily in Scotland and northwest England.

A group spokesperson told CM: ‘The transfer is another exciting acquisition for City and County, which has completed numerous acquisitions over the past five years, including, in 2018, most of the home care operations of Ark Home Healthcare, a business of similar size and regional spread to Carewatch.’

In February last year, Ark was offloaded by private equity fund Core Capital to City and County, with MiHomecare and Westminster Homecare also buying some branches.

City and County bought Constance Care in 2017, Independent Community Care Management in 2016, and Spirit Care in 2014.

City and County’s latest accounts for the year ended 31 March 2018 said: ‘The group strategy remains unchanged, focusing on geographically and commercially attractive acquisition opportunities to further expand the group’s national footprint in support of a strong organic growth profile.’

During the year, turnover rose 18.3% to £186m (2017: £157.3m), while its pre-tax loss was down to £17.5m, from £20.8m the year previous.