Paradigm Health and Social Care Ltd SOLD by Redwoods Dowling Kerr
31st October 2019
A respected domiciliary care service in Telford, Shropshire is now under new ownership.
Established by our vendor Martin Forry, Paradigm Health and Social Care Limited operates across the Shropshire region, delivering a comprehensive home care service to clients in the local area, delivering 620 hours of care each week. This proficient care service specialises in long and short term personal and domestic care for adults, including personal and medical care, learning disabilities, physical disabilities, mental health, meal preparation and companionship. Due to the dedicated efforts of the care team and the vendor, the care service earned a “Good” CQC report following its most recent inspection.
This business benefits from clients from the Local Authority, the private sector and the NHS. This acclaimed care initiative receives a substantial number of regular referrals and complimentary reviews.
The vendor decided to sell the business due to his desire to diversify and pursue other business interests. Once placed on the market by Redwoods Dowling Kerr, the business generated a considerable amount of attention. It ultimately received 5 offers after only 3 viewings. The smooth transition to new ownership was facilitated with ease by the professional team at Redwoods Dowling Kerr.
Michael Griffin of the Monarchi Group Ltd, an established corporate buyer, ultimately acquired the care service. Discovering a well-structured business with the potential for further development and expansion greatly influenced the purchase. The new vendor vows to expand the business, whilst still providing consistent and high standards of care.
The Vendor commented;
“We have worked hard to create a reputable homecare agency with good income streams, however we felt that the time was right for us to step back and let another operator develop the business further.
We are also delighted that an expanding, existing operator like Monarchi Group Ltd, has bought our business and we wish them all the best for the future plans.
Asif at Redwoods has helped us throughout the sale process. We had a number of viewings and with Asif’s efforts we found a suitable buyer, which lead to a successful completion.
We would like to thank Redwoods Dowling and Kerr and Asif for their guidance and services, we would not hesitate in recommending Redwoods Dowling Kerr to anyone wanting to sell their business.”
The Buyer commented;
“Asif and the team at Redwoods have been helpful and proactive in bringing healthcare opportunities to us. We have completed a successful acquisition through Redwoods and the process has been smooth and efficient. We are looking at several further opportunities through them, I would not hesitate in recommending RDK for purchasing a healthcare business.”
Lead Negotiator Asif Musa commented;
“The sale of Paradigm Healthcare to an existing operator demonstrates the continued demand for profitable domiciliary care businesses across the South-East.
The market for domiciliary care remains positive, particularly for existing operators who have the potential to develop small to medium sized domiciliary care businesses, and incorporate them as a bolt on to their existing business. There is usually significant scope to expand their operations to cover different areas. I wish my clients all the best for the future.”