Swiss investment firm the Montreux Healthcare Find now owns the UK’s ninth largest care group following the merger of two of its businesses.
The Regard Group was created from the merger between ACH Group, which operated 25 residential services in England, and The Regard Partnership.
Montreux Capital Management’s managing partner Oliver Harris says the merger represented the next operational step in adding value to the Montreux Healthcare Fund.
“Since the merger we have had The Regard Partnership valued by a leading global Royal Institute of Chartered Surveyors-accredited valuer at £202m,” said Mr Harris.
“For us this is confirmation that the specialist care market continues its strong growth trend, and remains a real attraction to investors.
“We are continuing to offer high-quality care to service users as this is at the core of everything we do.
“Moreover, a number of further opportunities for the Montreux Healthcare Fund are already being actively explored.”
Regard CEO Sandie Foxall-Smith (pictured), told Care Home Professional: “It’s been a very good year for growth for Regard and we hope to continue to grow in the future.”
Regard cares for more than 1,100 people, with a dedicated staff of over 2,100 people working at 147 locations throughout the UK.
A Montreux investment vehicle acquired ACH Group in April 2014 for £40.5m, followed six months later by the Montreux Healthcare Fund purchasing The Regard Partnership for £119.5m.
The Isle-of-Man-domiciled Montreux Healthcare Fund is advised by Montreux Capital Management (UK), which oversees more than £200m worth of assets.