investments


Routes Healthcare

High acuity domiciliary care provider

July 2016

£4.0 million investment

www.routeshealthcare.com

“The KCP team delivers a genuine commitment to supporting and mentoring management whenever required. They have consistently provided valuable and healthy challenges to the executive team, stressing the need for best practice throughout the business and ensuring there is a realistic, well-resourced and measured approach to growth and achievement of shareholder expectations.”

Andrew Healing, Non-exec Director | Routes Healthcare

The business...

Routes Healthcare is a CQC registered provider of enhanced and complex domiciliary care located in the North of England. Established in 2005, Routes has a proven track record of providing complex domiciliary care to local CCGs and private clients. Routes is renowned for its ability to develop bespoke care packages to individual clients in short time frames. The business has extensive experience in caring for and supporting clients with a variety of healthcare needs, including palliative care, complex childcare, degenerative conditions, spinal injuries, brain injuries and also mental health and learning disabilities.

Routes now operates across 14 branches located across the North of England providing c.27,000 hours of care a week through 700 carers.

The deal...

In 2009, Andrew Healing, one of the original founders, bought out the Northern offices of the company. Subsequently, the business thrived, opening five branches and making a small acquisition based in the North East.

Following a period of rapid growth, Andrew was looking to crystallise some of the value he and his wife had built to date, prior to commencing a more aggressive organic and acquisitive growth strategy for the business.

KCP supported the equity release/development capital transaction in July 2016 with an £4 million investment.

KCP value-add...

Since our investment we have:

  • Supplemented the senior management team, including recruitment of a Non-Executive Chair, CEO, Operations and Business Development Director
  • Made significant investment in supporting the development of the complex care services
  • Enabled the business to open nine new branches, invest in staff, a new central office and IT platform to support the rapid growth trajectory
  • Supported the team through development of a 5-year strategic plan and exit planning