Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Homecare nursing agency bought out by management team  

  • Comment

Investors have backed a management buyout of one of the country’s largest suppliers of agency nursing staff for domiciliary care.

Sovereign Capital, a private equity firm, announced today that it has completed a “significant”, though undisclosed, investment in Nurse Plus.

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”

Heath Blake

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.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.