BGF’s Springfield Homecare Services acquires PLC

PLC represents the first acquisition that Springfield has made using BGF capital.

Springfield financed the acquisition following two investments totalling £4.4m, which were made by BGF in June 2012.

The deal will add close to 2,000 hours of care to Springfield Homecare, which gives the business increased presence in the north east and relationships with a number of new local authorities. It also increases the number of employees in Springfield Homecare to over 800 and turnover of the overall group to in excess of £13m per year.

The acquisition will allow Springfield to submit a variety of local authority tenders to get approval on new framework agreements and also offers the potential to expand PLC's services into Durham, Sunderland, Stockton, Northumberland and other neighbouring areas.

Of BGF's total £4.4m investment, £1.47m has already been used to fund the development of The Grange Care Village in Seacroft, Leeds, which is expected to be completed in the autumn of 2013.

Springfield Homecare is one of the largest independent providers of domiciliary care in Yorkshire and Humberside.

Company
Based in Newcastle upon Tyne and founded in 2007 by husband and wife Ian and Amanda Dickinson, PLC specialises in the provision of care services to individuals with learning disabilities and currently covers Newcastle, Gateshead and Darlington.

PLC also provides care services to older people, those with physical disabilities, mental health problems and sensory impairments, and works within the supported living, domiciliary and respite care sectors.

The company employs 90 staff and has a turnover of close to £1m per annum.

People
Richard Taylor worked on the deal for BGF. Graeme Lee is the founder and CEO of Springfield Healthcare.

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