Carewatch Returns To Growth In 2009

The UK’s national provider of local home care and support, Carewatch, completed its 2009 acquisition programme with the purchase of Always There Homecare Limited, a homecare business with seven branches based in the North West, the Midlands and North Wales and Four Seasons Home Care, based in Burnley, Lancashire.

This marks the eighth acquisition for Carewatch since early 2009 which saw substantial growth in the network following the Lyceum Capital-backed take over of the business by a new management team led by directors David Lyon, Mike Horgan and Simon Overgage in October 2008. Acquisitions in the last year include 6 branches acquired by Carewatch from its franchisees. Carewatch now has some 147 branches across the UK, of which 115 are franchisee-operated, and will continue its acquisition strategy into 2010 and beyond.

David Lyon, Joint Managing Director, Carewatch, comments: “The purchase of Always There and Four Seasons strengthens our already comprehensive reach and is further evidence of our strategy of acquiring high quality local businesses who can benefit and flourish by being part of a national network backed up by a strong infrastructure.

“Last year saw Carewatch move forward in all areas with increases in turnover and performance including some substantial contract wins. Our franchisee and company-owned business has experienced increasing growth in hours of care delivered each week per week compared to 2008, reversing the decline under previous ownership. Total hours of care delivery now exceed 190,000 per week across the UK.”

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