WHAT’S NEW?
GSC SOLICITORS ADVISES CARETECH ON £200M SALE AND LEASEBACK
INVESTMENT City law firm GSC Solicitors LLP has announced that it advised longstanding client CareTech on a £200m property portfolio sale and leaseback investment by Civitas Investment Management (CIM), the UK’s largest specialist care investor.
The portfolio comprises special schools, children’s homes and adult specialist care homes and follows the £1.1bn public to private acquisition of CareTech by its co-founders in September 2022.
Founded in 1993, CareTech provides specialist social care services to 5,000 adults and children with a range of complex needs in more than 550 schools, residential services, hospitals and day centres. It employs more than 11,000 staff in the UK and internationally.
SECOM LAUNCHES NEW SERVICES TO SUPPORT
IN-HOME CARE SECOM Plc, one of the UK’s largest and most established security providers, has launched a new service to support in-home care for people who are elderly, have disabilities or require extra care. Smart Wellness is a complete package of products, services and solutions to assist independent living and help alleviate the financial and emotional cost of care homes.
The Health Foundation predicts that within 25 years, the number of people in the UK population aged 85 and above will double to 2.6 million. This leaves families, carers, and public infrastructure with a considerable challenge – an ageing population with fewer and fewer resources to fully support them with dignity and respect.
SECOM Plc has created a solution to the impending crisis. Its new service, SECOM Smart Wellness, combines years of experience in home security, innovative
- 8 -
CIM is the UK’s largest investor in specialist care with over £3.5bn under management in community healthcare and social infrastructure in the UK and Europe. It manages over 1,200 properties across the UK, providing homes for more than 10,000 people, with support provided by over 120 operators in a combination of supported housing and residential care homes.
Commenting on the deal GSC senior partner Saleem Sheikh said: “This transaction illustrates the long-term demand for high quality specialist care properties in the UK and will form part of CareTech’s strategy to grow in the UK, investing in digital technologies and international markets.’
technology and human intervention. This provides the opportunity to help your loved ones stay at home for longer.
This cost-effective solution assists independent living and is made up of a number of discreet in-home sensors that track routines and activity 24/7. These monitor everything from unusual activity, such as if a loved one hasn’t got out of bed at their usual time, to security alerts such as a door being leſt open, or if a cabinet where medication is kept hasn’t been opened indicating they have forgotten to take it. These notifications are sent directly to carers’ smartphones, allowing them to keep track without intruding and offering greater peace of mind.
SECOM’s team of security engineers supports SECOM Smart Wellness from installation through to servicing and repairs. Its team ensures there is little to no downtime, allowing families to get the level of support they need from day one.
Alan Blake, Director of Sales and Marketing at SECOM Plc, said: “As we and our loved ones get older, it’s impossible not to think about how we’re going to cater for their care when the time comes. Coupled with a bleak economic forecast and the crisis
The GSC team was led by senior partner Saleem Sheikh and included commercial real estate partners, Harvey Posener and Matthew Phillips, corporate partner, Clive Halperin and international private wealth partner, James Cohen. Civitas was advised by Norton Rose Fulbright.
www.gscsolicitors.com
www.caretech-uk.com
of an ageing population, the stress can be overwhelming for some families.
“SECOM Smart Wellness goes some way to alleviating these concerns by providing an effective, affordable solution for families looking to get the best care, whilst maintaining independence for themselves and their loved ones. It is our hope that this innovative suite of products provides further security for families. Not physically, but emotionally and economically as well.”
https://secom.plc.uk/smart-wellness/ www.tomorrowscare.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44
