CM Company News

Montreux Capital Management, a Swiss investment firm, and KTN Care, a specialist healthcare investor, announced last month that they have acquired learning disability care home business, Aitch Care Homes (ACH), in a deal which valued the company at £40m, being 9.1 times historic EBITDA for year ending March 2013. Macquarie Lending, part of Macquarie’s Corporate and Asset Finance Group, has provided a loan and minority equity against the deal. Montreux Capital Management will be the majority equity holder with KTN Care providing management expertise and minority equity.

After the success of its outcome-based commissioning partnership with Wiltshire county council, Mears has been appointed preferred bidder by Torbay & Southern Devon NHS Trust to deliver its Living Well@Home Services. The homecare provider anticipates the contract will be awarded next month and will be for a minimum five year term with three possible one-year extensions. Crucially, outcome-based payments will be implemented as soon as possible’ within the contract period, which is due to start in April 2015.

Ahead of the publication of its results for the six months ended 31 March 2016, CareTech said in a stockmarket statement that strategic initiatives undertaken over recent years have delivered a stronger performance compared with the same period last year on all key financial metrics’.

In what could be the start of a recovery, Elli Investments, the holding company for Four Seasons Health Care reported a drop in operational...