NBGI Private Equity-backed Horizon Care acquires Educare
Horizon Care, a provider of specialist care and education to children with severe and complex needs, backed by NBGI Private Equity, has completed the acquisition of Educare Adolescent Services.
Educare, which is also based in the Midlands, works closely with local authority commissioners to deliver care and education to children aged between 11 and 18 in attractive, homely residences located near to their family’s origin.
Following the acquisition, Horizon Care comprises 34 homes and seven schools. The investment adds to Horizon Care’s existing services in Staffordshire, Greater Manchester and Kent, providing a presence in Shropshire and Leicestershire, as well as introducing a new education service for children of primary school age.
NBGIPE acquired Horizon Care in June 2012 – one of three new investments completed last year. The acquisition of Educare represents the firm’s third add-on deal in the past 12 months.
Belinda Berkeley (pictured), who led the deal for NBGIPE, supported by David Turner, says: “This acquisition is a significant step in Horizon Care’s strategic growth plan, with Educare providing an increased geographical presence and additional expansion opportunities. We will continue to invest in the business’s future growth, both organically and through acquisitions where there is a strong strategic fit and high quality of service.”
Thelma Turner, chief executive of Horizon Care, says: “Educare offers highly complementary services to those of Horizon Care and there is a shared ethos for delivering the very best care and education to young people in a homely environment. We look forward to working with the Educare team and growing the combined business, based on Horizon Care’s psychologically informed model of care and support.”
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