Sovereign Capital, the UK private equity firm, has acquired Christchurch Court, a provider of residential care for adults with an acquired brain injury.
Established in 1997, Christchurch Court operates from homes in a community setting in Northampton, providing long-term, high acuity care to its residents.
An estimated 135,000 people are admitted to a hospital each year as a consequence of a brain injury in the UK, often due to road traffic accidents and assaults.
Christchurch Court receives referrals from acute neuro-rehabilitation wards around the country, personal injury solicitors and families.
Sovereign is backing an operating team led by managing director Sheena Kidd who has developed the business since joining Christchurch Court in 2007. Kidd is being supported by the appointments of Paul Preston as non executive chairman, David Roth as finance director and Derar Badwan as medical director.
Dominic Dalli, partner at Sovereign, says: “The ABI care market is one we know very well through our previous investments in Tracscare and Complete and we are delighted to be extending our expertise in this specialist sector through Christchurch Court. The business has a deservedly strong reputation amongst healthcare funders and referrers, both locally and further afield, in a market characterised by a lack of specialist ABI residential care provision.”
Kidd adds: “With the increasing survival rates and life expectancy of ABI sufferers, we look forward to working with Sovereign to expand our service reach to cater for more residents nationally, particularly in geographies where no specialist provision is currently available.”
Santander is supporting the transaction with a senior debt facility.