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Lovett Care completes acquisition of New Care to expand elderly care home portfolio

Oct 30, 2024•about 1 year ago

Acquiring Company

Lovett Care Group

Acquired Company

New Care

StaffordManchesterHospitalityHealth CareHospitalityHealth Care

Description

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.

Company Information

Company

Lovett Care Group

Location

Stafford, Staffordshire, United Kingdom

About

Lovett Care Group specializes in high-quality residential care services. They operate multiple care homes across the North West, Midlands, and Wales. The company focuses on providing the best possible care and support to residents. Their ongoing expansion reflects a commitment to community engagement and quality service.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed