Agincare acquires Ambient Support

National health and social care provider, Agincare Holdings, has acquired the majority of business operated by Ambient Support and its subsidiaries.
The deal sees the continued operation of 80 homes and services across the UK, preserving more than 800 jobs and protecting around 700 peoples’ care and support provision.
Ambient Support, a registered UK charity with over 30 years experience operating care and support services, appointed Julie Palmer and Andrew Hook from Begbies Traynor Group and Robert Insall from BTG Advisory for restructuring advice.
After recommending the sale of the company, Begbies Traynor Group launched an accelerated sales process, which saw 31 interested parties consider the purchase under NDA and six parties make an offer.
The deal, which was completed today, enables Agincare to acquire the services offered by Ambient, mainly comprising care and support to people over the age of 18 with mental health needs or learning disabilities.
Founded in 1986, Dorset-based Agincare is a family-owned holding company that operates across more than 100 locations employing over 4,500 care professionals.
Comprising multiple social care subsidiaries, Agincare has significant experience delivering a range of services including care homes, home care, live-in care, supported living, and children’s services.
Palmer said: “The completion of this deal means that a significant number of residents can continue to access crucial health and social care services while preserving the jobs of more than 800 specialist employees.
“Under the new leadership of Agincare, the business can move forwards and the residents and their families will be pleased after a period of uncertainty.
“Early engagement with the Begbies Traynor Group team working across a number of its service lines from restructuring to advisory together with our in-house specialist property team has been crucial to helping Ambient progress.”
Raina Summerson, group chief executive of Agincare Holdings, added: “We are delighted to complete this deal to keep 80 sites across the UK open and welcome the talented 800-strong team to our group.
“It is critical that high-quality, affordable, social care is there for people when they need to draw on it and we are committed to reinvigorating the Ambient services and investing in the workforce as part of our sustainable growth across the group.”