A Greater Manchester company which provides care services to vulnerable young people has purchased a children’s residential care provider also based in Greater Manchester.
About the company
CFS Care was established in 2016 and is based in Atherton, Greater Manchester. The OFSTED-regulated company provides fostering, supported accommodation and residential care services for local authorities across the North West and employs around 55 staff.
About the deal
The company has purchased Next Stage 4 Life, a residential young person’s care operator based in nearby Bolton, which manages eight homes on behalf of local authorities across Bolton, Bury, Wigan and Chorley. The business employs around 65 staff.
The acquisition will allow CFS Care to expand its young people’s care operations complementing its existing fostering, supported accommodation and residential young people’s care provisions. It was funded through a debt facility provided by Shawbrook Bank’s specialist healthcare team.
Sector
Healthcare
