23 July 2010
A £250 million high yield bond issue has been completed as part of the £414 million acquisition and de-listing by Bridgepoint of Care UK. Citi acted as sole global coordinator and was, with RBS, joint physical bookrunner for the issue. Additionally, the company has put in place substantial facilities to support the future growth of its business.
Care UK works in close partnership with local authorities, primary care trusts and strategic health authorities, drawing on over 25 years of experience to provide tailor-made service solutions, including residential, community, specialist, primary and secondary care.
The company operates approximately 200 facilities across the UK and employs over 13,000 people, including surgeons, GPs, nurses and registered carers. Today it operates 59 homes for older people and provides over 119,000 hours of care and support every week to people in their own homes. The Care UK Group also offers independent supported living services for people with learning disabilities as well as services covering a range of mental health needs. It also operates a range of specialist children's services including residential care and fostering. In the health sector Care UK delivers a wide spectrum of services, all to NHS patients. The Care UK Group is the largest operator by patient volumes of independent sector treatment centres in the UK and operates a number of primary care services including GP practices, walk-in Centres, GP out-of-hours services and prison health, as well as Clinical Assessment and Treatment Services.
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