Investors have backed a management buyout of one of the country’s largest suppliers of agency nursing staff for domiciliary care.
Nurse Plus was founded in 2005 and has become one of the UK’s largest providers of nurses and carers for establishment settings and within the home, with more than 30 branches across England.
It supplies agency care workers and nurses to nursing homes, residential care homes and private hospitals.
“We are excited by the future growth opportunities available to Nurse Plus”
It also runs a homecare division that provides care of the elderly in their own homes, care of younger adults with learning disabilities and complex care packages for service users requiring full-time care.
The company places particular emphasis on the quality of its staff induction and training programmes.
The Sovereign-backed buyout is being led by the agency’s incumbent chief executive Heath Blake and managing director Pamela Bruce.
However, businessman and TV presenter Sir Gerry Robinson has joined the company as its new chair. In 2007, Sir Gerry fronted a three-part series for BBC2 called Can Gerry Robinson Fix the NHS?.
Sovereign said it would be working with the “experienced management team” already in place at Nurse Plus to “expand the business to meet the increasing demand for its services”.
Heath Blake, chief executive of Nurse Plus, said: “We are delighted to be working with the team at Sovereign to help take Nurse Plus to the next stage of its development.
“The quality of our business is fundamental to it success and by working with an investor who understands quality in healthcare, we are excited by the future growth opportunities available to Nurse Plus,” he added.
Dominic Dalli, a partner at Sovereign Capital, said: “With an increasing ageing demographic in the UK, there is a great need for high-quality care services within the homes and in establishment settings.
“We are delighted to be backing Nurse Plus’ proven and successful management team in a sector that we know well to help grow the business further and meet this demand,” he said.
Coinciding with the new deal, the agency’s previous investor, private equity house Key Capital Partners, announced that it had “exited” Nurse Plus.
Key Capital backed a similar management buyout in 2012, which saw the agency expand by 10 branches.
Mike Fell, investment partner for Key Capital Partners, said: “It has been a pleasure to work with such a dedicated management team and such a high quality business.
“We are convinced that Nurse Plus will continue to go from strength to strength and wish Heath, Pam and the team every success in the future,” he said.