Bridges-backed Alina Homecare acquires The Care Division
- Alina is a provider of homecare services with a focus on best practice and innovation
- The Care Division is a specialist provider of supported living services for people with learning and other disabilities in the South of England
- This is the fourth acquisition for Alina, which was founded in 2014 with backing from Bridges Ventures
Alina Homecare (“Alina”), the homecare services business backed by Bridges Ventures (“Bridges”), has continued its expansion by completing its fourth acquisition: The Care Division, a specialist provider of supporting living services to people with learning and other disabilities in the South of England.
In the UK, there is a growing demand for high-quality homecare, driven by the rising population of over-60s, pressure on primary care resources and the increasing desire of people to be cared for in the comfort of their own home.
The acquisition of The Care Division – which was previously owned by its founders and regional private equity fund Altitude Partners – enables Alina to supplement its existing homecare services for the elderly with specialist support services that allow people with learning and other disabilities to live as independently as possible in the comfort of their own homes. It therefore provides Alina with a platform to deliver an additional range of services to a new client group with high-acuity needs.
Founded in 2000, The Care Division provides services to Local Authorities, Clinical Commissioning Groups and private individuals across Bournemouth, Hampshire, Southampton, Dorset and Poole. Like Alina, it is focused on best practice and innovation; for instance, it has recently developed a quality assurance software platform to increase transparency and consistency of care delivery.
Alina continues to explore further acquisition opportunities as part of its ongoing growth strategy, while also investing in new ‘greenfield’ branches.
James Deeley, CEO of Alina Homecare, said:
“This deal represents a significant step in Alina’s development as a leading provider of care services to individuals in their own homes across the South of England. The Care Division not only shares our ethos, particularly in terms of its commitment to best-in-class training; it also provides a set of services that strongly complement Alina’s existing service offering. We believe this will be a compelling proposition to local authorities, CCGs and private individuals.”
Garret Turley, partner at Bridges Ventures, said:
“We invested in Alina because of its potential to address one of the UK’s most significant healthcare challenges: the need to provide better care for the elderly and others with more complex needs in the comfort of their own homes. The acquisition of The Care Division provides Alina with a highly impactful platform for growth in the supported living market.”
NOTES TO EDITORS
About Alina Homecare
Alina provides high-quality homecare across the South of England. Its mission is to improve care standards in the home environment and deliver better outcomes for its clients – which it looks to achieve through a focus on best-in-class staff training and care delivery practices.
The company was established in April 2014 with the backing of Bridges Ventures (“Bridges”), a specialist sustainable and impact investor, which invested through the Bridges Sustainable Growth Fund III.
About Bridges Ventures
Bridges Ventures LLP is a specialist fund manager focused exclusively on sustainable and impact investment, with offices in London and New York. It invests in high-impact SMEs, properties and social sector organisations that can generate superior returns for investors and positive impact for society, focusing on four key impact ‘themes’: health & wellbeing, education, sustainable living and underserved markets. It manages almost £600 million across its Sustainable Growth, Property and Social Sector funds.
The Bridges Sustainable Growth Fund III, which achieved a final close at £125m in 2013, provides growth capital to ambitious businesses that are helping to solve some of society’s most pressing challenges.
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