Acquisition of Direct Health Group Limited by Accord Housing Group

Deal typeM&A

The BDO Mergers and Acquisition team has recently acted as advisor to Accord Housing Group in connection with the acquisition of Direct Health Group Limited, a domiciliary care business. Managing 11,000 affordable homes and planning to build a further 2,000 new homes by 2015, the Accord Group has been offering a range of health, social care and support services to its tenants and the wider community for more than 20 years. The deal, which is considered a natural extension of the Accord Group's already significant heath and social care business, will see the housing group approximately double its health and social care turnover.

"BDO has provided proactive acquisition search and advisory services to Accord. Their initiative, service and ability to manage through the transaction was exemplary. I would have no hesitation in recommending them and look forward to working with them again in the future".         

Lakhbir Jaspal, Deputy CEO Accord Housing Group.