Leading global alternative investment manager Ares Management has bought care home operator Exemplar Health Care for an undisclosed sum from pan-European private equity firm Agilitas.
Exemplar Healthcare, which has homes in Yorkshire, Humberside, the Midlands, the North East and North West, provides specialist nursing to people living with complex physical and mental health needs.
John Whitehead, CEO of Exemplar Health Care, said: “We want to thank the Agilitas team for their important contributions to Exemplar’s work, and their relentless support of our mission to make every day better for those in our care and for their loved ones. We are now excited to begin the next step in our journey with the support of our new sponsors at Ares.”
Agilitas acquired Exemplar in 2016 and has since focused on working with its management to improve care quality, which has resulted in a significant increase in its number of homes rates Good or Outstanding.
Liam Goddard of Agilitas said: “It has been a pleasure to work with the Exemplar team and to help them have such a positive impact on the lives of so many people. The dedication of the Exemplar staff to their calling has been particularly evident in this challenging year and I would like to take this opportunity to wish them all the best for the future.”
Martin Calderbank, Managing Partner at Agilitas, added: “Our investment in Exemplar is a clear example of our focus on supporting companies that answer fundamental human or planetary needs. The partnership between Agilitas and Exemplar has been one that was formed on having a joint, rigorous approach to the pursuit of care quality. We are proud to say that under Agilitas’s stewardship Exemplar’s care became even better, and, through this transformation, the company has improved the lives of many people.”