Craegmoor is a leading UK independent provider of care and support for adults with development disabilities and a significant provider of elderly care.
At the time of our investment, Craegmoor employed over 6,000 staff and operated 162 special care, support and rehabilitation services; 16 independent hospitals and 37 elderly care centres; totalling more than 4,000 beds across the UK, Wales and Scotland. In 2007, total sales were £164 million.
Advent recognised the improvements that the new management team has achieved and has further built on the positive momentum this created. In addition we reduced the company’s debt by 25%, providing operational headroom and growth capital. The management team has been expanded, quality of care improved and new specialist service lines developed.
In April 2011, Priory Group announced an agreement to acquire Craegmoor. By combining Craegmoor with Priory, the larger consolidated group will have leading positions in mental healthcare, specialist education, autism and specialist learning markets. The opportunity to offer an extensive and exclusive patient/pupil journey across that service range creates a unique selling point.