Lovett Care completes acquisition of New Care to expand elderly care home portfolio
Acquiring Company
Lovett Care Group
Acquired Company
New Care
StaffordManchesterHealth CareHospitalityHealth CareHospitalityDescription
H.I.G. Capital's portfolio company Lovett Care, a leading provider of elderly care homes, has successfully completed the acquisition of New Care. This strategic acquisition has propelled Lovett Care to own 31 homes with a total capacity of 2,148 beds, making it a top 20 care home operator in the UK. The acquisition aligns with H.I.G.'s plan of building one of the leading players in the U.K. elderly care sector.
Quick answer
Lovett Care Group is acquiring New Care, announced October 30, 2024. Lovett Care Group is based in Stafford, Staffordshire, United Kingdom.
- How much did Lovett Care Group pay for New Care?
- The deal value was not disclosed.
- What does Lovett Care Group do?
- Lovett Care Group specializes in high-quality residential care services.
- Where are Lovett Care Group and New Care based?
- Lovett Care Group is based in Stafford, Staffordshire, United Kingdom. New Care is based in Manchester, Greater Manchester, United Kingdom.
- Who are the decision-makers at Lovett Care Group?
- Fundz holds 1 contact at Lovett Care Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Lovett Care Group, and when
When Lovett Care Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Lovett Care Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Lovett Care Group, from your own LinkedIn network
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Frequently asked
Who acquired New Care?
New Care was acquired by Lovett Care Group, based in Stafford. The deal was reported on October 30, 2024. Lovett Care Group specializes in high-quality residential care services. They operate multiple care homes across the North West, Midlands, and Wales. Lovett Care Group is privately held and operates in Health Care.
When did Lovett Care Group acquire New Care?
Lovett Care Group's acquisition of New Care was reported on October 30, 2024. H.I.G. Capital's portfolio company Lovett Care, a leading provider of elderly care homes, has successfully completed the acquisition of New Care. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does New Care do?
New Care is a Cheshire based elderly care provider with a portfolio of 15 facilities and a total capacity of 1,057 care beds. It has established a strong reputation for delivering high-quality care in modern, purpose-built settings. It is privately held, operating in Health Care, and is based in Manchester.
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