BDO acted as sell-side M&A advisers to privately owned Pathways Care Group on sale to Salutem Healthcare Ltd. Pathways is a leading provider in the care industry, specialising in care homes and supported living to accommodate adults with complex learning disabilities and mental health problems as well as children with high acuity needs. It has been operating since 2004 and has built up a portfolio of 46 specialist care homes with around 380 service users providing care across a national platform comprising central and southern England, the midlands and the north east. The transaction creates a new specialist healthcare platform in the UK.
“We appointed BDO to sell our business because of their extensive knowledge of the healthcare market and their hands-on approach. The BDO healthcare team produced an excellent result for us and exceeded our expectations on the final outcome. The healthcare industry has been through significant changes following the introduction of the national living wage and more recently the test case on sleep-ins – both of which BDO helped us to navigate through and to defend the agreed deal structure. We were really impressed with their tenacity and commitment to the transaction and would be delighted to work with them again.”
Mahesh Patel, CEO, Pathways Care Group Ltd