Park Place Advises on Disposal of Yorkshire Care Homes

August 6, 2012 | By | Reply More

Park Place Corporate Finance has acted as lead advisor on the disposal of family owned Whitwood Care to Care UK.

The transaction represents Park Place’s second deal in the care sector over the last month having acted as lead advisor on the Business Growth Fund’s investment in Springfield Healthcare group, the largest independent provider of domiciliary care in Yorkshire and Humberside.

 Whitwood Care, a subsidiary of Michael Wheatley Holdings Limited, is based in Castleford and operates 3 residential care homes, with a total of 48 beds, for adults with learning disabilities and who present with high level challenging behaviour, including autistic spectrum disorders and Asperger’s syndrome.

Care UK, a national provider of health and social care, joined Bridgepoint in March 2010 in a deal that valued the business at £423m.

Whitwood Care will become part of the Community Services division of Care UK.

 

David Hardless and Ben Peacock led the deal for Park Place. David Hardless commented “Whitwood provides highly specialist care on behalf of a number of local authorities and is often the first stage of a service user’s pathway to an improved quality of life. The business is a very good fit for Care UK, who are seeking to develop a complete service user pathway across the UK.”

John Hamer and Oliver Duke of Walker Morris provided legal advice to the vendors.

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Category: Care Home Advice, Care Home Finance, Care Home Funding, Care News, Social Care

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