MITIE acquires leading UK complex care company

RNS Number : 6982X

MITIE Group PLC

15 January 2014

 



15 January 2014

MITIE Group PLC

 MITIE acquires leading UK complex care company

MITIE Group PLC ("MITIE"), the strategic outsourcing company, is pleased to announce that it has acquired Complete Care Holdings Limited ("Complete Care"), one of the UK's leading complex care companies, from Housing 21, a national leader in providing housing and care services for older people.

Complete Care provides high acuity care at home to around 150 individuals with on-going complex clinical healthcare needs. The business employs around 650 personal care assistants (including registered nurses). This acquisition will complement MITIE's existing domiciliary care operations in England and Wales, which are primarily operated through MiHomecare. 

Complete Care generated revenue and EBITA of £17.9 million and £1.1 million respectively in the year ended 31 March 2013. Consideration of £9 million was paid in cash at completion, subject to any adjustment for final completion accounts. Integration costs are estimated to be in the region of £1.3 million.

Ruby McGregor-Smith CBE, MITIE's Chief Executive, said:

"I am delighted to welcome all the people of Complete Care to MITIE who bring with them the clinical capability to support individuals living at home with long term, complex conditions.  The acquisition of Complete Care strengthens MITIE's offering in the growing healthcare market."

For further information, contact:

MITIE
John Telling, Group Corporate Affairs Director	D: [phone] M: [phone] E: [e-mail]
Erica Lockhart Head of Corporate Affairs	D: [phone] M: [phone] E: [e-mail]

Notes for editors

What is MITIE?

MITIE is a £2bn revenue strategic outsourcing company. We work with people who want to perform better - now and in the future. We help our clients to run more efficient and effective businesses by looking after their facilities, their energy needs and the people they're responsible for. Each of our 70,000 people uses their passion, knowledge and ingenuity to deliver the very best for each and every client.

We work with our clients in three ways:

+ Strategy and consultancy

+ Facilities, people and energy management

+ Service delivery including catering, cleaning, security, maintenance, landscaping and pest control.

Some take full advantage of our whole range of expertise, others may only need one aspect of what we do.

No other business in the UK offers so many of these services under one roof, delivered individually and together by people with such a strong sense of purpose.

People tell us we're spirited, imaginative and committed.

It's all this that makes us special. It's this that makes us MITIE.

To find out more about what we do visit us at www.mitie.com

 

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