Accord Group, One of West Midlands' largest housing providers, acquires multimillion pound independent health company Direct Health – and has further plans to expand
Residents across the Midlands and the north will be offered increased homecare after one of the region's biggest housing associations acquired an independent healthcare company.
Accord Group, which manages 11,000 affordable homes across the West Midlands, said the deal would double the amount of home-based care and residential support available to residents to 3.5m hours each year.
The deal is also expected to generate 2,000 new jobs over the next three years as the group plans to further expand the company.
Direct Health, a private health company based in Nottingham with a £34.3m turnover in the year to September 2011, will continue under the same management but would become a wholly-owned subsidiary of Accord. It currently runs 18 branches across the Midlands, the north-east and the north-west.
Chris Handy, chief executive of Accord, said: "Direct Health is one of the UK's leading providers of care to people in their own homes and we have seen it build an excellent reputation, both for the quality of its care and for its strength as a business, becoming fully-integrated into the communities in which it operates. Our customers tell us they have a strong preference for receiving care in their own homes and we are responding to this demand in a direct, logical and positive manner."
The group plans to build a further 2,000 new homes by 2015 and already offers a range of health, social care and support services to 50,000 people – both residents and the wider populus. The acquisition will see it widen its geographical reach to the East Midlands and the north.
Lakhbir Jaspal, deputy chief executive of Accord, said the group specialised in services for those with learning disabilities and mental health issues, and services for dementia sufferers and older people. "We hope to expand our geographical base for these services. What we're trying to offer is a connect between what we already do – mainly residential services – and give a substantial offer around care in the home."
Jonathan Vellacott, chief executive of Direct Health, said the deal would allow the company to "accelerate" its growth and broaden services: "Direct Health is a solid and well regarded operator within the domiciliary care sector. Becoming part of the Accord Group will enable us to provide a broader range of services. It will allow us, with Accord's support, to accelerate growth; focusing specifically on geographical expansion, a broadening of the care offering and acquisition of further complex care capability."
Accord is one of the largest housing associations in the West Midlands area and is made up of six separate partners including Ashram and the Fry Housing Trust.
The amount paid by Accord for Direct Health has not been disclosed.
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Read the complete post at http://www.guardian.co.uk/housing-network/2012/jun/22/accord-group-direct-health
Jun 22 2012, 01:05 PM
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