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UK care home chain sold to US investment company
The Guardian
|October 19, 2024
One of Britain's largest care home chains, Care UK, has been sold to a US property investment company, the Guardian can reveal, in a deal that comes as private providers lobby government for a greater role in the NHS.
Care UK, which operates more than 150 residential homes for older people, has been the subject of sale speculation since 2018.
The private equity firm Bridgepoint Advisers, which paid £420m for the company in 2010, had previously tried and failed to sell the chain, which employs about 10,500 staff and was founded in 1982. It said in its 2019 accounts that it had spent £2.5m on financial advice for an "abortive" sale process.
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