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City and County Healthcare Group appoints new CEO
City and County Healthcare Group is pleased to announce the appointment of James Thorburn as Chief Executive.
James joins the group from Serco, where he has been responsible for national and local government services and international business development. He brings a broad range of skills to City and County’s senior management team.
James takes over from Craig Rushton, Chief Executive since 2009. Under Craig’s leadership, City and County has grown considerably to become the largest provider of domiciliary care services in the UK. The group continues to invest heavily in its staff, systems and processes, with a particular focus on quality governance and compliance. This investment, together with the depth and experience of the management team, will ensure the group is well positioned for future growth.
James will focus on consolidating the group’s market-leading position and investing in the workforce as well as developing the group’s offerings in the care-at-home and complex nursing care markets. He will also work to support the health and social care integration agenda at a critical time for the sector.
He says, “I feel privileged to be joining the staff at City and County, whose hard work, skill and dedication have built a leading provider in social care. The sector offers many opportunities; we have to ensure that care-at-home is properly funded so that those in our society who need it receive the appropriate levels of care. I am looking forward to playing my part in helping achieve this.”
Craig Rushton will remain with City and County as a Director and Head of M&A. His focus will be on identifying new opportunities for acquisition and growth. He says, “I am pleased to be handing over the reins to James fully confident that our superb and dedicated team of care workers, managers and support staff are well-placed to steer the organisation through a time of significant challenges for the care sector. I look forward to working with him and the team to continue to bring vulnerable elderly and disabled people the very best care support.”
City & County Healthcare Group secures new £25 million funding for strategic acquisitions
City & County Healthcare Group secures new £25 million funding for strategic acquisitions
City & County Healthcare Group (CCH), the UK’s third largest independent provider of home care services, has secured funding for a new £25 million facility to finance strategic acquisitions. The funding has been raised from a consortium of banks comprising HSBC Bank plc, Investec, Royal Bank of Scotland and Sumitomo Mitsui Banking Corporation.
The home care market in England is worth £5.1 billion and the number of people needing to be cared for in their own home is forecast to rise considerably over the next three decades. CCH provides home care support, primarily for the elderly, as well as specialist care services for young people and adults with more complex or long term conditions, such as learning disabilities, spinal cord and acquired brain injuries, and dementia.
CCH has made 22 acquisitions since its inception in 2009, seven of them following its management buyout in December 2013, which was backed by Graphite Capital, a leading UK mid-market private equity specialist. The group has also further invested in its service quality and infrastructure, demonstrating strong organic growth since the buyout through a combination of new contract wins and growth in existing contracts. It now operates 72 branches, with 7,700 care workers and 750 staff supporting more than 15,400 individuals throughout the UK.
CCH chief executive, Craig Rushton, commented: “Recent market developments, including the increasing integration of health and social care services, have created a very exciting opportunity for the larger providers who focus on delivering a high quality service. This new acquisition facility will enable us to acquire complementary businesses that broaden our geographic reach or expand our ability to provide complex care services. We remain committed to helping people with care needs to continue living independent and fulfilling lives in their own homes.”