Outsourcer MITIE Group has entered the healthcare market by acquiring home care services provider Enara Group for £110.8m, the company has announced.
The FTSE 250 company brought Enara, the UK’s fourth largest provider of home care services, from private equity firm August Equity.
Enara cares for 10,000 people via local authority, NHS and private pay agreements.
MITIE chief executive Ruby McGregor-Smith said the move would provide “a platform to grow in the wider healthcare sector.”
The company said an ageing population coupled with on-going cost pressure which was encouraging a shift from hospitals and residential care homes towards community care made the market a “significant strategic opportunity”.
MITIE has created a dedicated health advisory board which will comprise Enara managing director, Dr Andy Dun, two MITIE representatives and three independent non-executive directors.
Dr Dun said: “Enara has been providing high-quality home care in the UK since 1996 and we are very proud of our excellent reputation with the people we care for and their families. We look forward to developing the business and working as part of MITIE.”