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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

“We are very pleased with the care that our mum is receiving. The carers she has are very good, and are always polite and caring with her. I was really impressed with the follow-up call from the office after carers had reported mum for being distressed and when she had tried to get out of bed. Luckily she was fine and I was grateful for the advice given to me over the phone as to what steps to take next. I would just like to say a big thank you to everyone who has a part in caring for mum - without you all, mum would be unable to stay in her own home.”

Relative of Service User, Coventry

Our markets and services

At Nestor we focus on providing managed services for health and social care through our Primary Care and Social Care businesses. We are taking the opportunity here to explain in more detail the breadth and diversity of our services and the operational performances delivered. We deliver managed services, through our partner organisations and directly to individuals, focused on meeting a person's needs and thereby enhancing their wellbeing.