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The UK's national provider of local home care and support, Carewatch, announces three more regional acquisitions. The Lyceum Capital backed company has purchased Midlands-based homecare organisation All and Small and two current franchisee businesses: Carewatch North Tyneside and Carewatch Swansea. This move brings the acquisition total to 11 in recent months.

These acquisitions reflect Carewatch’s continued drive on quality and its growing portfolio of services. All and Small has an ‘excellent’ rating from the Care Quality Commission (CQC) for its homecare and mental health services. Carewatch North Tyneside has been serving its local community since 2003 and has specialist experience in the provision of Learning Disabilities and Mental Health services whilst Carewatch Swansea provides a wide range of homecare services to the second largest city in Wales and its surrounding areas.

This announcement comes hot on the heels of two recent acquisitions: Always There Homecare and Four Seasons Homecare, and is a further signal of Carewatch’s ambitions since the Lyceum Capital-backed take-over of the business in October 2008.

Supported by Lyceum Capital, the management team, led by Chief Executive Officer David Lyon, Chief Operating Officer Mike Horgan and Commercial Director Simon Overgage plan to continue this acquisition strategy, and focus on building a market leading organisation based on Carewatch’s person-centred approach underpinned by benchmark standards of quality care and support.

David Lyon comments: "These most recent purchases strengthen our already comprehensive network. Our ongoing acquisition growth strategy is based upon the identification and purchase of high quality local businesses, which can benefit and flourish by being part of a national network, backed by our strong infrastructure.

“Carewatch is committed to keeping quality standards high within the homecare industry. We have had a very strong 18 months, with increases in turnover, performance and hours of care delivered. Total hours of care delivery now exceed 195,000 hours per week across the UK, and our quality ratings are above the national comparator. Carewatch remains dedicated to working with individuals, local authorities and other organisations to provide quality, person-centred, care and support to individuals and families within their own homes, enabling them to preserve their independence with dignity."

Philip Buscombe, Chairman of Lyceum Capital, added: "We are pleased with the Company’s progress and are happy to provide additional capital for a limited number of franchisees who wish to realise value from the businesses that they have built up in partnership with Carewatch.”.

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