One of the UK’s leading independent providers of specialist care for adults and younger people.
Craegmoor is a leading UK provider of care and support for adults with development disabilities and a provider of elderly care.
Although a leader in its market, Craegmoor was recovering from a challenging period of aggressive financing and ill-conceived expansion at the time of Advent’s investment. Advent recognized the improvements that the new management team had achieved and has further built on the positive momentum this created. In addition, the company’s debt was reduced by 25%, providing operational headroom and growth capital. The quality of care was improved and new specialist service lines were developed.
In April 2011, Priory Group announced an agreement to acquire Craegmoor. By combining Craegmoor with Priory, the larger consolidated group has leading positions in mental healthcare, specialist education and autism. The opportunity to offer an extended patient/pupil journey across that service range creates a unique selling point.