Freeth Cartwright advise on sale of Sterling Homecare
FREETH CARTWRIGHT ADVISE ON SALE OF STERLING HOMECARE
The acquisition of Sterling, which employs over 300 people locally, creates the fifth largest provider of domiciliary care in the UK. The Group now employs 1,800 staff across 18 branches, including 1,680 care workers, assisting elderly people with their everyday tasks and enabling them to receive care at home in their later years.
The Sterling management team, led by Stuart Carlton and Debbie Woolley, will continue to work in the business alongside City & County’s CEO, Craig Rushton, to operationally integrate the businesses and continue to grow the regional customer base.
The Vendors were advised throughout the transaction by Andrew Durbin and David Crump of Smith Cooper Corporate Finance (”SCCF”) and Philip Raven, Paul Feenan and Rumit Nanji from law firm, Freeth Cartwright.
Stuart Carlton commented:
“I am looking forward to continuing the development of Sterling with the added support of City & County. I am also grateful to the teams at SCCF and Freeths for their invaluable help in guiding me through a non straightforward process.”
Craig Rushton, CEO of City & County Healthcare added: “We are pleased to welcome the team at Sterling to the Group and look forward to working with them to take advantage of the significant tender opportunities available to build on their impressive growth in the Midlands.”
ends - 5 May 2010
Photo (left to right): Philip Raven, David Crump Manager at Smith Cooper Corporate Finance, Stuart Carlton and Andrew Durbin partner at Smith Cooper Corporate Finance