Bowmark Capital exits investment in Healthcare Homes

Bowmark backed the buy-out of Healthcare Homes in April 2008, supporting management’s plan to expand the scale and scope of its care home and domiciliary care operations. The business was well-positioned to capitalise on its strong regional presence in the East of England, the growing number of elderly people needing residential care in the UK and the rising demand for privately-run, high calibre accommodation.

Since then, Healthcare Homes has added over 200 beds to the estate, and now operates 23 residential care homes with 1,026 beds. It has also significantly expanded its domiciliary care business, both organically and through five bolt-on acquisitions. Healthcare Homes now operates 14 domiciliary care branches, delivering over 23,000 hours of care per week – an increase of over 50 per cent - to people living in their own homes.

In conjunction with this, Healthcare Homes has built a reputation for providing high quality residential, nursing, domiciliary and dementia care, based on a friendly and supportive level of service tailored to the needs of its clients. It has achieved excellent assessments for the quality of its care from the industry regulator, as well as sustaining market-leading occupancy rates.

David Torbet, a partner at Bowmark, commented: “We are extremely grateful to the entire management team at Healthcare Homes for the effort and commitment they have shown during our investment. Together we have built a leading care business. We wish them good luck and continued success in taking the business forward with their new partners”.

Graham Lomer, director of Healthcare Homes, added: “With Bowmark’s support and wide experience in the healthcare sector, we have successfully grown the business, whilst maintaining an environment where residents receive the highest standards of care”.