Essential reading for the healthcare business
Remember me:
Skip Navigation LinksHealthInvestor article
Health Care REIT backs MBO of Willowbrook Healthcare

Willowbrook Healthcare has been acquired from Graphite Capital by its management team with the backing of Health Care REIT, for an undisclosed amount.

Established in October 2008, Willowbrook Healthcare operates under the Avery Healthcare brand name and comprises of 13 freehold homes and has a pipeline of further development sites.

Graphite Capital, the management team and a bank syndicate comprising of RBS, Bank of Ireland and Allied Irish Bank invested over £80 million in the business.

Willowbrook Healthcare's founding management team, led by John Strowbridge and Ian Matthews will continue to manage the company.

Commenting on the deal, Strowbridge said: “Graphite’s financial support and experience in providing equity to the elderly care sector has been invaluable in enabling us to establish our leading position as a provider of services to older people.”

Graphite Capital backed Strowbridge and Matthews in the establishment of two other care home groups: Avery Healthcare and Optimum Care.

In 2007, Graphite Capital sold 16 Avery Healthcare homes to the now defunct Southern Cross.

Optimum Care was sold to Four Seasons Health Care earlier this year.

Mark Hudson, partner at Graphite Capital (pictured), said: “Willowbrook, Optimum and Avery fitted perfectly with our strategy of investing in best-in-class businesses with strong growth potential. We were delighted to have contributed to their success and to have provided much needed funding for the development of new care homes in the UK.

“There is an ongoing need for investment in the broader healthcare sector, which we believe will continue to generate attractive opportunities for our funds.”

Health Care REIT announced its plan to acquire the Sunrise Senior Living estate in August 2012. The final value of the portfolio has been estimated at $3.2 billion.

Related articles:

Posted on: 06/08/2013

Latest news stories

Core Assets Group and Partnerships in Children’s Services are joining forces to create a UK specialist fostering network.
Waterland Private Equity has acquired Sandcastle Care, a residential childcare provider offering long-term therapeutic care across 18 sites in the Northwest of England.
Healthcare facilities investor Octopus Healthcare, part of the Octopus Group, has raised a further £133.5 million for its Octopus Healthcare Fund.
Private equity firm Apposite Capital, has announced that its portfolio company Swanton Care and Community has acquired Courtyard Care.
Manual, an online platform designed to improve men’s health, has achieved £5 million in venture capital seed funding .


HealthInvestor blog
The government urgently needs to bring clarity to the future of social care provision

Click here to view the HealthInvestor blog

There has been a policy-driven move towards returning responsibility for healthcare to the individual; while greater independence, choice and control over their care sounds like a positive move, for care providers, this can come with inherent risk. Clare Connell and Ryan Perrott ask, ‘Is the concept of individual choice being pushed too far?’
A recent Freedom of Information request has put local authority care home spending in question. Is it time to call public sector provision to account? HealthInvestor UK investigates
In an innovative move designed to speed up access to treatment, health insurer Bupa is joining forces with independent hospital provider HCA Healthcare UK to launch a network of specialist centres for the diagnosis and treatment of breast cancer
A CMA investigation into the CareTech-Cambian tie-up is expected to delay the deal until at least the new year. The intervention – which is one of many in the sector – also raises further questions over the potential for consolidation in sensitive areas of social care. Jeremy Bowden investigates

Click here to search all feature articles

Specialist care

Andrew Cannon, chief executive of Voyage Care, believes in understanding his workforce. The boss of the UK specialist care provider, which supports more than 3,500 people with learning disabilities, autism, brain injuries and other complex needs, says: "it's about love". HealthInvestor UK gets the lowdown
Read more

Christie + Co

my images

Recruitment and retention

When people are one of your greatest assets, it's essential that you are recruiting and retaining the right ones. Neil Eastwood, author of Saving Social Care, advisor to the Department of Health & Social Care's national recruitment campaign, and founder of Sticky People, shares his sector insight
Read more