News
Carewatch Care Services
We have successfully completed negotiations for the sale of Carewatch, our social care franchise business, to Lyceum Capital for £37m.
The purchaser is a new company formed for the purposes of implementing this transaction and is ultimately controlled by Lyceum Capital, a private equity partnership focused on investment in UK mid-market businesses and consumer services.
We believe that now is the right time to realise the significant value created in Carewatch. We are pleased that we have achieved a positive outcome for Carewatch Care Services, the continuing operations of the Group and for our shareholders.
The full press release, which contains the mandatory financial and regulatory detail, is available here. Full and more formal communication will follow imminently from Lyceum and from ourselves at Nestor as we work in partnership to conclude the process of transition.
The Board wish the newly formed independent company continued success. (back to headlines...)
Our Customers Say
“This is a very good service, which I find very helpful. It helps me with everyday tasks which would not get done if it were not for the carers, and this makes me feel happier about myself.”
Service User, Wiltshire
Our Company
Our emphasis on quality and quick response makes us the first choice partner for
organisations providing short or long-term health and social care for the community.
At Nestor we focus on providing managed services for health and social care through
our Primary Care and
Social Care businesses.
Drivers of growth in this; the largest single market in Western Europe include;
- People living longer and so demanding the ability to live a life of their choosing,
supported by care, tailored for their specific needs.
- Less evidence of traditional communities, and care providers now enabling people
to remain, or become, as independent as they choose.
- The ageing population augments demand on our health and social care infrastructure,
demands that are increasingly supplied through public/private sector relationships.
- Individuals having specific and often complex health and social care needs; such
as those with learning disabilities, who are becoming more able to make life choices.