The acquisition adds a new service offering to Elysium’s portfolio in a field in which the management team has significant experience.
The multi award-winning Badby Group, led by healthcare specialists Tim Street and Daniel Kay of Patron Capital, has four facilities across the country and has grown from 68 beds to 316 beds over a five-year period.
Tim Street, Senior Advisor at Patron Capital, said:
“Elysium is well placed to take The Badby Group forward, continuing on its journey of success. Under Patron’s ownership, Danny and I are proud to have developed the group into the leading-edge provider it is today, combining dedicated, passionate and experienced staff with modern, purpose-built facilities designed to the highest standard. We look forward to seeing the ongoing success of the services in the years to come.
“Patron has a proven track record for investing in award-winning healthcare businesses that create and deliver quality outcomes, and this deal follows on from the sale of Gracewell Healthcare to Welltower in 2014.”
Joy Chamberlain, Chief Executive Officer, Elysium Healthcare said:
“We are very excited by this acquisition which adds a new dimension to the service offering we provide. The Badby Group’s dedicated team delivers truly bespoke and individual care to each and every resident. I am delighted to welcome them to the Elysium group.”
Elysium Healthcare was launched in November 2016. The group provides specialist mental health care through secure services, child and adolescent mental health services, rehabilitation services, acute and intensive care services and private patient services across England and Wales. The company is backed by BC Partners.