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Hazlewoods Corporate Finance has advised Optimo Care Group with its latest acquisition of Abbeycare and Nursing.
The firm supported the healthcare group by providing financial and taxation due diligence.
Optimo, which employs over 1,000 professionals, was founded in 2010 with the aim of providing high quality and progressive domiciliary and specialist care services nationwide.
The news of its acquisition of Abbeycare and Nursing, a family-owned organisation established in 2007 with over 110 members of staff in Sheffield, marks its eighth acquisition in the past year.
Alex Griffiths, director of Hazlewoods, said: “It has been a pleasure working closely with Ben and the Optimo team, and I am delighted that we have successfully completed another transaction.
“The deal provides Optimo with an exciting opportunity to take the business forward and continue to expand their specialist complex care and supported living services.”
Ben Hales, projects director and head of M&A at Optimo, said: “I’m immensely proud of all our team’s work over this last year in which we have seen the group treble in size and expand our services nationwide.
“This deal further develops and supports our current growth strategy in the supported living and complex care sector. With a values base aligned to Optimo, we look forward to working with the AbbeyCare teams to plan the next stages of development and growth for the service across South Yorkshire.”
He added: “I would like to thank Alex and the wider team at Hazlewoods for their continued support after another successful completion – we look forward to working with the team again in the future.”
