Essential reading for the healthcare business
 
 
Remember me:
Skip Navigation LinksHealthInvestor article
CareTech acquisition of Cambian given the all-clear

Specialist care provider CareTech’s acquisition of Cambian will now go ahead after the Competition and Markets Authority (CMA) gave the deal the all-clear.

Under the terms of the reverse merger, CareTech will pay £372 million for Cambian – leaving Cambian shareholders with around 36% of the enlarged company’s shares.

The deal will create Britain’s second biggest social care operator by revenue, controlling 4% a £16 billion UK market.

The CMA launched an investigation in October 2018 amid fears that the acquisition would threaten competition and lead to excessive market power.

Farouq Sheikh, Executive Chairman of CareTech, said: "We are delighted by the CMA's decision and would like to place on record our appreciation to all involved during the CMA process particularly the executive teams at CareTech and Cambian. We will now move forward with the integration, creating value for all our stakeholders through the highest quality service offerings and significant synergies."

Posted on: 08/02/2019

Latest news stories

23/04/2019
Healthcare at Home, a clinical provider of out-of-hospital healthcare, has posted a healthy increase in profit for the year ending 31 October 2018.
23/04/2019
Acadia Healthcare the US-listed owner of the Priory Group is considering a £1 billion sale of the independent provider of behavioural care in the UK.
23/04/2019
UK healthcare real estate investor Octopus Healthcare has raised £58.8 million from new and existing institutional investors in its latest fundraise.
23/04/2019
Vocare has secured a new contract worth around £13.5 million to provide an urgent treatment centre and GP visiting services to NHS Newcastle and Gateshead Clinical Commissioning Group.
18/04/2019
Melqart Asset Management has taken a 5% stake in private hospital operator Spire Healthcare.


Civica


HealthInvestor blog
With our politicians seemingly absent without leave, the UK desperately needs leadership in policy matters that influence investment decisions

Click here to view the HealthInvestor blog


Singapore’s Pan Pacific Hotel was the venue for HealthInvestor Asia’s February seminar on ‘Expansion strategies for ASEAN healthcare providers’.
A thespian and educator at home in a hazmat suit, with culinary prowess, an eye for improvement and a passion for caring for the elderly
In uncertain times, healthcare real estate remains a steady investment prospect. As the population ages and demand for modern care facilities continues to grow, Kenneth MacKenzie, founder and managing partner of Target Healthcare REIT, tells Marie Cahalane of the importance of a holistic approach to care delivery
Catherine Gooderham highlights some of the opportunities and challenges attracting various investors into a market with guaranteed funding – specialist care
Private equity-backed specialist provider Orbis Education & Care is proving popular with service users, families and commissioners by providing top-quality care in a challenging sector. Rob Munro talks to chief executive Mike Currier about what make this Welsh company such a success and its plans to expand into England

Click here to search all feature articles



Digital technology
The NHS App was supposed to be a gateway for patients to access primary care services and was seen as an opportunity for investors to engage with a health service eager to digitise. Things haven't quite gone to plan. HealthInvestor UK investigates
Read more


Christie + Co

my images



Blockchain

Blockchain is a disruptive force; its entry into the healthcare sector has been gradual, but has the potential to be transformational. Jeremy Bowden considers its implications and applications
Read more