HSKS Greenhalgh Corporate Finance have advised Mediline Nurses and Carers Ltd (Mediline), an East Midlands-based provider of Domiciliary Care services, on the acquisition of North West Community Services Ltd (NWCS). The combined business will generate revenues in excess of £20m and safeguard a workforce of more than 1000 employees.
Established in 2003, Mediline has since grown into one of the Midlands’ largest Domiciliary Care providers, supporting local authorities across Staffordshire, Derbyshire and Nottinghamshire. The company invests heavily in staff training and development from its head office in Foston, and has implemented the latest technology to ensure it can bill accurately and fairly for service provision.
NWCS was founded in 1986, and provides a range of services including 24-hour supported living, supported employment and training. The organisation operates across a wide area of northern England, with regional offices in Merseyside, Greater Manchester, Lancashire and Calderdale. The group also has a large residential property portfolio providing 42 beds to accommodate service users with learning disabilities.
Mediline’s founder, Peter Cook, said: “The acquisition of NWCS provides Mediline with opportunities to diversify into a wider range of care provision and support services within its traditional market in the East and West Midlands. The amalgamation of the two companies will increase our mutual security, whilst providing additional opportunities for our carers and staff as we look to grow the organisation. We look forward to integrating the businesses under the leadership of our Managing Director, Michael Baines.”
Simon Hopkin of HSKS Greenhalgh Corporate Finance, said: “We are delighted to have helped our long standing client complete on this transaction. It has been a complex deal but makes the client a significant operator in the sector with good potential for further growth.”
The deal was supported by an undisclosed multi-million pound finance package from Barclays and legal advice was provided by Actons Solicitors.
Simon Dakin, partner of Actons, said: “We were very pleased to work alongside HSKS Greenhalgh and Barclays to secure this important strategic acquisition for Mediline”.
Funding for the acquisition was led by James Rutter, Barclays Relationship Director, who added: “We are delighted to have assisted the owners of Mediline with their strategic growth plans, which ultimately provide job security and further opportunities for growth across a large geographical footprint. Each business brings with it a core set of skills and expertise, which will be of great benefit to the other. I look forward to working with the management team to continue to reach their growth ambitions in the future.”
Chris Murray, MD of NWCS, said: “ Since NWCS’s founding in 1986, we have developed support and training services throughout the North West and have made a difference to thousands of people’s lives. With the acquisition by Mediline, NWCS is in a stronger position to continue to do this whilst offering our years of experience on services they do not currently provide.”
NWCS was represented by RSM and Napthens Solicitors.
