Bridges-backed Alina Homecare acquires Extra Mile Care
- Alina Homecare is an innovative homecare business which delivers high-quality care across the South of England
- It is backed by Bridges Ventures, the specialist sustainable and impact investor
- Extra Mile Care, based in North London, is its third acquisition
Alina Homecare (“Alina”), the innovative homecare business, has completed its third deal with the acquisition of Extra Mile Care Company (“Extra Mile”), as part of its ongoing expansion strategy.
Alina provides high quality home and live-in care across the South of England, with a focus on best-in-class training, employment and care delivery practices. Alina was established in April 2014 with the backing of Bridges Ventures (“Bridges”), a specialist sustainable and impact investor, which invested through its Bridges Sustainable Growth Fund III.
Extra Mile Care is a high-quality homecare business based in North London, primarily serving the London boroughs of Barnet, Brent and Haringey. Established in 2008, its experienced management team has established excellent relationships with local authorities and clinical commissioning groups, which it supplements with a growing private client base. Importantly for Alina, Extra Mile Care has also developed an excellent reputation for providing high-quality care and exceptional levels of service.
This is Alina’s third acquisition and the first since Paul Steadman joined the business as Finance Director in September 2015. Alina will continue to pursue its focused expansion strategy: it has already identified a strong pipeline of additional acquisitions, as well as a number of ‘greenfield’ sites for potential new locations.
James Deeley, CEO of Alina Homecare, said:
“We are delighted to welcome Extra Mile Care into the Alina family. It is an excellent business with an outstanding management team, who share our focus on delivering the highest possible levels of care and service. Together, we can provide these much-needed services to a larger group of people across the South of England, and provide even better, more fulfilling roles to our talented team of carers.”
In the UK, the rising population of over-60s is placing ever-greater pressure on primary health and social care systems; at the same time, more and more people are looking to be treated in the comfort of their own home. Alina looks to address these serious societal challenges by working with the NHS, local authorities and service users to provide a high quality homecare option – which in turn can help to catalyse the much-needed integration between health and social care.
Garret Turley, partner at Bridges Ventures, said:
“Alina is growing precisely because it is helping to address one of the UK’s most significant healthcare challenges: the need to care for elderly and sick people in the comfort of their own homes. This is an important milestone in the business’s growth story: it demonstrates that James and his team can find like-minded partners and execute a transaction that works for all parties. This positions Alina strongly as it continues to pursue its expansion strategy over the coming years.
NOTES TO EDITORS
About Bridges Ventures
Bridges Ventures LLP is a specialist fund manager focused exclusively on sustainable and impact investment, with offices in London and New York. It invests in high-impact SMEs, properties and social sector organisations that can generate superior returns for both investors and society as a whole, focusing on four key impact ‘themes’: health & wellbeing, education, sustainable living and under-served markets. It manages almost £600 million across its Sustainable Growth, Property and Social Sector funds.
The Bridges Sustainable Growth Fund III, which achieved a final close at £125m in 2013, provides growth capital to ambitious businesses that are helping to solve some of society’s most pressing challenges.
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