News: Exemplar MBO backed by Agilitas
Rotherham-based specialist residential healthcare provider, Exemplar Health Care has been acquired by London-based private equity house Agilitas as part of a management buyout (MBO).
Established in 1999, Exemplar began life as a training company, coordinating courses for care home workers and helping operators to remain compliant with regulations. It went on to open a number of its own properties, but it wasn't until 2002 that the company identified a gap in care home provision that would become its major focus.
With offices in Ferham, the firm operates 25 specialist nursing homes and employs 2,100 staff across Yorkshire, North West and the Midlands. Turnover totalled £55m in the year to March 31.
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Agilitas focus on "making transformational investments in defensible businesses," working with management teams to develop a transformational business plan aimed at improving, growing and strengthening the business.
The deal is though to be worth £150m and Exemplar has an investment program that includes plans for approximately 12 new homes. It also intends to create a number of step-out units linked to existing homes that will extend care pathways for adults who are ready for more independent living, but still require close care supervision nearby.
The new homes are expected to create more than 1,500 nursing and care jobs.
Euan Craig, managing director at Exemplar, said: "We are dedicated to bringing an end to cycles of failed placements by carefully tailoring the care we offer to meet these highly complex needs. We are proud that the outcomes we achieve enhance people's lives and better meet the needs of the CCGs (clinical care groups), trusts, local authorities and families that we serve.
"Exemplar staff are committed and highly motivated and they make our homes extraordinary places, and we will continue to invest in their skills and training as we grow. Everyone at Exemplar is looking forward to bringing our high standards of care to far more people suffering acute illness and injury."
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Martin Calderbank, managing partner at Agilitas, added: "Exemplar is one of the regional leaders in the care of individuals who live day to day with these complex conditions. We are excited by the opportunity to help Euan and his team expand their operations and make Exemplar's high standards of care available to many more people."
Exemplar opened the first of its specialist homes in 2003 - Greenside Court at Greasbrough in Rotherham, which specialises in adults with Huntington's disease and complex physical and mental health needs. In 2008 it was given the opportunity to buy the freeholds of a number of its care home properties and was backed with a £41m facility from Santander.
In 2015, the company decided to focus on its homes for young adults with complex care requirements and the elderly services were taken over by other care providers.
Exemplar Healthcare website
Images: Exemplar Healthcare
Established in 1999, Exemplar began life as a training company, coordinating courses for care home workers and helping operators to remain compliant with regulations. It went on to open a number of its own properties, but it wasn't until 2002 that the company identified a gap in care home provision that would become its major focus.
With offices in Ferham, the firm operates 25 specialist nursing homes and employs 2,100 staff across Yorkshire, North West and the Midlands. Turnover totalled £55m in the year to March 31.
Advertisement
Agilitas focus on "making transformational investments in defensible businesses," working with management teams to develop a transformational business plan aimed at improving, growing and strengthening the business.
The deal is though to be worth £150m and Exemplar has an investment program that includes plans for approximately 12 new homes. It also intends to create a number of step-out units linked to existing homes that will extend care pathways for adults who are ready for more independent living, but still require close care supervision nearby.
The new homes are expected to create more than 1,500 nursing and care jobs.
Euan Craig, managing director at Exemplar, said: "We are dedicated to bringing an end to cycles of failed placements by carefully tailoring the care we offer to meet these highly complex needs. We are proud that the outcomes we achieve enhance people's lives and better meet the needs of the CCGs (clinical care groups), trusts, local authorities and families that we serve.
"Exemplar staff are committed and highly motivated and they make our homes extraordinary places, and we will continue to invest in their skills and training as we grow. Everyone at Exemplar is looking forward to bringing our high standards of care to far more people suffering acute illness and injury."
Advertisement
Martin Calderbank, managing partner at Agilitas, added: "Exemplar is one of the regional leaders in the care of individuals who live day to day with these complex conditions. We are excited by the opportunity to help Euan and his team expand their operations and make Exemplar's high standards of care available to many more people."
Exemplar opened the first of its specialist homes in 2003 - Greenside Court at Greasbrough in Rotherham, which specialises in adults with Huntington's disease and complex physical and mental health needs. In 2008 it was given the opportunity to buy the freeholds of a number of its care home properties and was backed with a £41m facility from Santander.
In 2015, the company decided to focus on its homes for young adults with complex care requirements and the elderly services were taken over by other care providers.
Exemplar Healthcare website
Images: Exemplar Healthcare
1 comments:
In response to Euan Craigs comments, I can confirm that Exemplar employees are extremely committed and highly motivated, but it saddens me that they do not receive a decent income to reflect this. Your company has lost so many experienced and disillusioned staff, and are being replaced by those who are not so committed. You need to take on board these comments and retain the experienced staff who are still working hard for your company before they follow suit.
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