London-based private equity outfit Agilitas has sold care home operator Exemplar Health Care to investment manager Ares Management for an undisclosed sum.
Exemplar provides specialist nursing care and rehabilitation for adults with complex needs such as neuro-disability, brain injury and stroke, mental ill-health, learning disabilities, autism and complex dementia.
The Rotherham-based operator, which has 30 homes located across Yorkshire, Humberside, the Midlands, the north-east and the north-west, had been acquired by Agilitas in 2016.
“The partnership between Agilitas and Exemplar has been one that was formed on having a joint, rigorous approach to the pursuit of care quality,” said Agilitas managing partner Martin Calderbank.
“We are proud to say that under Agilitas’s stewardship Exemplar’s care became even better, and, through this transformation, the company has improved the lives of many people,” he added.
The partnership saw Exemplar create new risk mitigation systems and focused on staff recruitment and development, which included the launch of the MyExemplar smartphone app for staff to share ideas and insights.
“During the four years of Agilitas’s investment, the percentage of homes with good or outstanding CQC quality ratings grew significantly,” Agilitas said in a statement.
“In addition, Agilitas helped Exemplar’s management team innovate 30 new “step-in and step-out” facilities for service users with a higher degree of independence, which further increased the company’s capacity for bringing care to a greater range of people in need," it added.
