Reach Supported Living complete Newport Acquisition

Reach Supported Living has completed the acquisition of Celtic Home Care Ltd for an undisclosed fee; the deal was brokered by North West based KBS Corporate.

Celtic Home Care Ltd is a Newport based company offering domiciliary care services throughout Newport; since they were established in 2006 they have become an approved supplier of Newport City Council and enjoyed consistent growth.

The acquisition was made by Reach Supported Living who has been providing care services in South Wales for over 25 years. Reach forms part of the Seren Group who provides support to 11 councils in England and Wales and employ over 500 people.

The sale was brokered by KBS Corporate who have experience in the domiciliary care market, recently brokering a deal for Easley Health in North Yorkshire. KBS Corporate Deal executive Guy Haynes believes the domiciliary care market has remained buoyant in recent years.

“The acquisition of Celtic Home Care Ltd further demonstrates the continued confidence in the domiciliary care sector. Activity levels have remained high in recent years despite the recession and active buyers still remain should the right opportunity present itself.”

Reach supported living are reported to be keen to continue trading the company as Celtic Home Care Ltd and it will be business as usual for all the customers and employees who have worked extremely hard to establish the business as a leading supplier of care in the Newport area.

Mr Haynes continued, “I felt that Celtic Home Care was an ideal fit for Reach Supported Living, both from a geographical point of view, and because of a shared dedication to high standards of care for their customers. I am delighted that this deal has completed, and I wish both the buyers and sellers well for the future.”

KBS Corporate is one of the UK's leading advisors to individuals, directors and companies who are looking to either sell or acquire a business, specialising in businesses with turnovers from £200,000 up to £20 million

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