A well established and profitable domiciliary care agency based in the South West has been sold to an experienced operator in a deal advised by Redwoods Dowling Kerr.
Purple Balm Limited offers a wide range of long and short-term quality care to service users who live in their own homes, allowing them to maintain their independence and dignity. Their services are tailored towards those with dementia, mental health conditions and physical and mental disabilities.
The reputable care agency was established as a limited company in 2014. Since the agency was founded, it has won numerous awards for its high-quality care, including Employer of the Year from Exeter College.
The agency currently offers clients over 2,100 service hours per week and was rated as ‘Good’ at all sites by the CQC across all areas at the latest inspection.
Additionally, the business has cemented strong relationships with external providers, including the NHS, as they provide care to private and publicly funded clients. Because of this, they enjoy regular referrals and an excellent reputation.
The current owner wished to sell the agency to explore other business interests, and they instructed Redwoods Dowling Kerr in the sale. Using our bespoke marketing campaign, the agency received a strong amount of interest.
The buyer is an existing operator in the area who owns several domiciliary care agencies and has over 10 years’ of experience. They saw the business as an ideal acquisition due to its location.
Upon completion of the sale, the vendor said: “My experience with RDK has been very positive. They were very capable, responsive and professional throughout, dealing with problems and finding solutions to get the sale over the line. I am thankful they assisted me with the sale”.
The buyer said: “I am excited to explore this new opportunity. The service provided by RDK was of the highest quality, and they were organised and friendly with efficient brokers who get the sale done successfully”.
Healthcare Negotiator Nick Shepherd said: “I am very pleased to have worked on this sale. All parties worked together to get it across the line and I wish both vendor and buyer the best of luck”.
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