Schroder British Opportunities has invested in Cera Care in a transaction led by Evolve HealthCare Partners, a pan-European healthcare-focused private equity firm.
Cera is a London-based home care provider launched in 2016, employing close to 6,000 staff across more than 70 offices in Great Britain, delivering more than 30,000 care visits daily.
The new financing will be used to advance the company’s technology platform, as well as acquisitions of small and mid-sized home care service providers in the UK.
Tim Creed, head of UK and European private equity at Schroders, said: “We’re at the watershed of a major shift in healthcare, as innovation and technology change the way in which traditional services are delivered – with Cera very much at the forefront of this change. We’re hugely excited to be investing in a business with such immense growth potential, and at the same time, an incredibly important social mission.”
Date published: April 20, 2021