AMP acquires Care Management Group – reports

The deal values the business at around £200m, according to a report in the Daily Telegraph, while Unquote sister publication Mergermarket recently reported that the business generates EBITDA of £18m after the deduction of £3-4m in central administration costs.

The Mergermarket report also stated that CapVest was involved in the bidding process, as well as an unnamed infrastructure investor.

Founded in 1996 and headquartered in Leatherhead, CMG provides residential care for adults with learning difficulties. The company operates from 140 locations across southern England and Wales.

According to publicly available documents, CMG's ultimate parent group generated an operating profit of £10.4m from a turnover of £68.4m in the year ending in February 2018.

Unquote was awaiting a response to a request for comment from CMG at the time of publication.

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