Accounting Firms

Grant Thornton advises on the sale of Welsh care business

Cardiff-basedCrusader Medical Care has been acquired by the Envivo Group

Grant Thornton’s Cardiff Corporate Finance team and Capital Law revealed it advised the shareholders of Crusader Medical Care on its sale to Envivo Group with Grant Thornton also providing tax advisory services.

Crusader provides care for those with highly acute, complex care needs and challenging behaviours, including mental illness and acquired brain injury with over 100 staff members and two care homes in the region. Crusader has been family owned and run since its inception over 20 years ago.

Envivo operates a number of residential and nursing care homes and supported living services throughout the UK including a number in South Wales, through its Fieldbay brand. Envivo, which is headquartered in Cheltenham, was supported in the transaction by Civitas Investment Management, a leading investor in specialist healthcare real estate in the UK.

Crusader Medical Care founder and director, Vincent Ashley, said: “Our business has developed a strong reputation for care quality and its commitment to our residents and staff. It was important that a suitable acquirer was found that would continue to operate the business in this manner and I believe that Envivo fits the criteria perfectly.

“I would also like to thank the teams at Grant Thornton and Capital Law for their help and support through this process, they have been truly outstanding, and we could not have achieved the result we did without them standing shoulder-to-should with us.”

Grant Thornton Corporate Finance director, Jamie Roberts added: “Crusader is an outstanding business and we are delighted to have completed this deal which has provided a successful exit for the shareholders. Envivo is an ideal partner for the business going forward and we are confident it will continue the Ashley family legacy.”

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