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HEALTHCARE | Medical Facilities & Services / Long-term Care
premiercare.org

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Stage

Acq - Fin | Alive

About Premier Care

Premier Care operates seven opioid treatment programs ("OTPs") across Ohio, Indiana, Michigan and Wisconsin.

Premier Care Headquarter Location

Ohio,

United States

Latest Premier Care News

Outreach services firm to realise potential after takeover

Jun 10, 2021

10 Jun 2021 South West Deals Matthew Ord A Bristol-headquartered community and outreach services specialist has been acquired by a Manchester counterpart as it looks to realise its "significant future potential". A host of advisers worked on the deal. Premier Care Management was founded in 2009 by Steve Bristow as an alternative to residential accommodation and support for vulnerable adults, young people and young offenders. It provides supported accommodation across 13 properties with a team of 26. The group has been acquired by buy and build specialist Tristone Capital through its Tristone Healthcare division. As part of the transaction, Hayley Williams will retain a minority shareholding and continue in her role as managing director. She said: "We've built a strong reputation for providing alternatives for those in care and those leaving care to move from adolescence into adulthood and ensure its successful and a safe transition. "We believe the business has significant future potential and to maximise this, we would need to find a partner to support the next stage of growth and ensure an effective succession plan. "As well as sharing our values and vision for Premier Care Management, Tristone brings the deep industry expertise, infrastructure and business experience that we were looking for." Tristone founder and chief executive Yannis Loucopoulos added: "Hayley and the team at Premier Care Management have built a highly-regarded business delivering life-changing support services. "As we continue to grow our community of investment businesses across the UK, we recognised that Premier epitomised our acquisition criteria - a company which delivers outstanding services and is well-run, profitable and cash generative." The deal was brokered by Redwoods Dowling Kerr, while Tristone was advised by MHA Moore and Smalley, led by corporate finance director, Simon Carruthers and tax partner David Bennett. St John's Legal provided legal advice. Jon Miles, a director at Richardson Swift, provided tax and accounting advice to the vendors. Ince Metcalfes provided legal advice, led by corporate managing associate Edward Chapman. TAGS

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