Acquisition of Cornerstone Healthcare Group by Ignite Growth
Deal TypeTransaction Services & Private Equity
Ignite Growth has acquired Cornerstone Healthcare Group, a specialist care home operator in the South East.
The homes care for older people with complex neurological, physical and mental health needs associated with challenging behaviours.
This 154 bed acquisition is the first in an ambitious five-year growth plan for the group, which has significant capital for future acquisitions in the specialist care market.
"BDO were great partners for us on the deal. They worked through all the inevitable issues of imperfect information which come up when buying a family business. Derek, Lewis and the team gave us really good advice using their strong sector expertise, which allowed us to build up a strong picture of the financial dynamics of the company and helped us structure the acquisition."
Andrew Leek, Partner - Ignite Growth