News & Views

21st January 2019

Montreux Healthcare Fund Acquires Independence Homes Ltd

The Montreux Healthcare Fund has completed on it’s acquisition of Independence Homes Ltd, as featured in today’s Health Investor UK. Full article below:

 

 

Exclusive: Montreux Healthcare Fund Acquires Independence Homes Ltd

The Montreux Healthcare Fund has acquired Independence Homes Ltd in a deal which will add £7.25m EBITDA to its platform asset, Active Assistance. The acquisition will transform the shape of the business by adding c.£60m of freehold property to Active’s balance sheet and offers the opportunity to increase EBITDA as synergies are implemented in the acquired business.

Independence Homes Ltd is the foremost epilepsy care provider in the UK and cares for c.200 individuals with a broad spectrum of disabilities. The business has a significant presence in the South East of England and scope to increase occupancy in the short term by filling unused capacity.

Offering a diversity of residential and supported living placements, Independence Homes adds to the residential component within Active Assistance, providing a more diverse asset base whilst also continuing to operate in the growing home care space.

Oliver Harris, CEO, Montreux Capital Management (UK) stated: “Independence Homes is a large, strategic acquisition for the portfolio. It will enable the Fund to bolster its freehold assets, a stated aim of our strategy since we acquired Active Assistance in January 2018. The business brings a wealth of opportunities to develop new sites, engender efficiencies, and drive EBITDA upward. Independence Homes should deliver significant value to our investor base alongside other businesses the Fund is seeking to acquire in 2019.”

 

View on Health Investor UKhttp://www.healthinvestor.co.uk/ShowArticle.aspx?ID=9987

 

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