Civitas Investment Management (CIM) has acquired the healthcare real estate assets of UK care provider Heathcotes for an undisclosed sum.
CIM has bought the assets and care services provider Envivo Group has purchased the operational care business of Heathcotes also for an undisclosed amount.
Founded in 2005, Heathcotes has 72 healthcare facilities across the UK, providing specialist residential accommodation for adults and children with learning disabilities, mental health and associated complex needs.
Tom Pridmore, group director, Civitas Investment Management, said: “We are delighted to have partnered with Envivo Group to announce this significant transaction, one of the largest in UK healthcare this year.
”The healthcare sector in which we invest is continuing to demonstrate strongly its resilience, with a service offer that is uncorrelated to the broader economy, that delivers positive social outcomes, reliable economic returns and clear value for money for the public purse.”
Paul Marriner, chairman, Envivo Group, said: “We are delighted to have partnered with Civitas and acquired the Heathcotes. Heathcotes is a well-respected, high-quality care provider, and we are looking forward to working with their management team to invest in systems and infrastructure to further enhance their quality, that enables them to achieve excellent outcomes for people that the Group supports, as part of the wider Envivo family.”
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