Established in 1998, Manchester-headquartered HSG provides domiciliary care, reablement, respite, independent living support and complex care services.
HSG employs 1,450 staff across 35 locations and has experienced significant growth over the past five years, with a turnover in excess of £28m for the 12 months to March 2019.
‘HSG is a well-respected and successful business with a reputation for quality care,’ said James Thorburn, chief executive of City & County. ‘The acquisition will further build our presence across the UK and across the various homecare market segments including reablement, extra care and complex care services.’
The shareholders of HSG were advised by Grant Thornton Corporate Finance and law firm Mills & Reeve LLP.
City & County Healthcare Group reported positive EBITDA growth last month.
For the year ended 31 March 2019, turnover grew to £235.9m, up from £186m last year, while its operating loss rose to £7.1m (2018: £5.5m loss). EBITDA rose by £600,000 to £17.3m.