Sovereign’s Christchurch Group makes acquisition

The deal was financed largely by existing equity commitments from the GP and additional debt.

The acquisition has provided Christchurch Group with a base in northern England and has expanded its service offering. The Woodlands site continues to provide respite care for patients with multiple sclerosis as well as offering a full-service neuro-rehabilitation centre providing long-term care.

The acquisition follows the group's opening of a facility in Bedford and the development of transitional living facilities in Northampton. Sovereign bought Christchurch Court in September 2010 in a deal thought to be worth €30m, including debt from Santander. Christchurch is looking to make further acquisitions to develop its service offering.

Company
York-based Woodlands was purpose built for the MS Society in 1991. The business provides short-stay respite care for people with multiple sclerosis over the age of 18, and also operates a neuro-rehabilitation centre. It employs more than 70 staff.

People
Dominic Dalli is a partner at Sovereign.

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