Pinsent Masons advises The Good Care Group on the multimillion pound disposal of the group to Sodexo
14 May 2019 | 05:01 pm |
International law firm Pinsent Masons has advised the shareholders of UK-headquartered home care provider, The Good Care Group, on the multimillion pound disposal of the group to Sodexo - a world leader in Quality of Life services.
The Pinsent Masons team advising The Good Care Group was Partner Joanne Ellis, Senior Associate Daniel Braithwaite, Solicitor Kiren Matharu, Senior Associate Matt McDonald (Employment), Legal Director Fleur Benns (Share Plans and Incentives) and Partner Peter Morley (Tax).
The Good Care Group provides tailored live-in care services to service users, who require assistance to live independently or have complex care needs. It is one of the few businesses of its type to be rated as 'outstanding' by the Care Quality Commission in the UK.
The group has been acquired by services provider Sodexo (following their previous purchase of Prestige Nursing) as an expansion of their services in the UK live-in market. With this acquisition, Sodexo will be ranked second nationally in the live-in care market and among the top five in the private-paid care market.
Joanne Ellis, partner at Pinsent Masons said, "The Pinsent Masons social care team is proud to have advised on this significant transaction in the sector. It demonstrates how traditional facilities management (FM) businesses are looking again to healthcare as a safe business line in an uncertain economy."
"Vulnerable people are seeking more personalised and personable care solutions enabling them to stay in the family home. This acquisition enables expansion within the live-in care market to help meet the increasing demand."
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