Investment manager Downing has completed its first acquisitions in the neuro-rehabilitation care home sector, establishing a platform for further growth.
It has acquired Inspire Neurocare and Hamberley Neurocare, two neuro-rehabilitation care providers that together operate four facilities with 188 beds. This acquisition marks the first step in Downing’s expansion into the £1.1bn sector, where rising demand for neuro-rehabilitation services outpaces supply.
‘The neuro-rehabilitation sector in the UK is driven by the need for more beds and investment, which can help take the pressure off the NHS by helping to reduce waiting lists and generating cost savings. We look forward to working with Tim, Daniel and our investors to help address this challenge,’ said Torsten Mack, Investment Director at Downing.
Tim Street, Non Executive Director, added: ‘The private sector has a vital role to play in funding the development of services in the neuro-rehabilitation sector and Downing’s commitment to investing is very welcome. Crucially they share our focus on optimising outcomes for individuals through the delivery of high-quality care and are looking to make further investments which will help to address growing demand.’