Carve out of Ross Care from Millbrook Healthcare (owned by Cairngorm Capital) to Medequip

Deal typeM&A

BDO has provided Vendor commercial due diligence on the carve out of Ross Care from Millbrook healthcare (Cairngorm Capital).

Cairngorm Capital acquired Ross Care in 2021 as a bolt-on for its portfolio company Millbrook Healthcare. Following the acquisition, Cairngorm Capital merged the wheelchair businesses of Millbrook Healthcare and Ross Care under the Ross Care brand, creating the UK’s largest provider of wheelchair and specialist seating services.

Since the merger, the performance of Ross Care has gone from strength to strength, with an increasing expansion of services. The wheelchair division was not core to Millbrook Healthcare’s focus on providing the equipment, adaptation, and technology solutions to keep people living safely and independently within their own homes. As a result, Cairngorm Capital decided to realise its investment and allow Ross Care to continue its growth journey with a new owner.

"Happy to have supported Cairngorm Capital and Ross Care in the sale process to Medequip though our independent commercial and strategic review of Ross care, looking at both its performance as a business and the quality of its market. Ross Care is making a difference for people with reduced mobility everyday by providing this service at the highest quality standards of care."

Gurpal Ahluwalia, Partner, BDO