Management Buyout Completed at Healthcare Homes
The Healthcare Homes Group has announced the completion of a management buyout of Healthcare Homes Holdings Limited by three members of the care group’s existing executive team: CEO Gordon Cochrane, Chief Operating Officer Helen Gidlow and Group Finance Director Matt King.
The trio are delighted to have completed the management buyout from existing founders David Bates and Graham Lomer, who will continue to have an interest in the company as Non-Executive Directors, while Philip George continues in his existing role as the Group’s Chairman.
The Group, which is based in Essex, operates 37 residential and nursing care homes across East Anglia and the South of England. In addition, its Manorcourt Homecare division has 13 homecare branch locations, which undertake more than 1.5 million visits per annum to people requiring home-based support and care services.
Gordon Cochrane, CEO of Healthcare Homes said, “We have all known and worked with both David Bates and Graham Lomer for many years – collectively over 50 years – and so we are delighted to take on the baton and continue shaping, growing and leading the success of the Group. With over 3,000 staff, we are very proud to support many hundreds of people every day, with vital care and support either in our homes or via our dedicated homecare branches.
“As a Group, we are continuing to invest in our homes and people to ensure we provide the best care possible to our residents and clients. Helen, Matt and I look forward to continuing our work with the team and building on the upward momentum we have already established.”
Gordon originally joined Healthcare Homes in October 2016 as commercial director before his appointment to CEO in 2017. A chartered accountant by profession, Gordon initially started in the health and social care sector in 2001 as Financial Director for a national care operator, having previously worked with Ernst & Young.
Graham Lomer and David Bates said, “The MBO is excellent news for the future development and growth of the business, under the continuing direction of the existing management team, led by Gordon, Matt and Helen. We are delighted to continue as non-executive directors of the business and to assist with the future expansion of the Group.”
The MBO, which was for an undisclosed sum, was completed on 17 September.
