Cera Acquires CRG and Allied Healthcare (2024)

Healthcare

Summary

Cera Care (“Cera”) has acquired CRG Homecare (“CRG”) and Allied Healthcare, portfolio companies of Twenty20 Capital. The terms of the transaction were not disclosed.

.Baird served as financial advisor to Cera Care and its shareholders on this transaction

About

Cera is a digital-first healthcare-at-home company delivering care, nursing, telehealth and repeat prescription services in people’s homes via technology. In under five years, Cera has expanded to 10,000+ staff across the United Kingdom and Germany, delivering 40,000+ healthcare visits a day. Every day, Cera delivers healthcare services equivalent to 40 hospitals or 1,000 care homes and has grown 100-fold over the past two years.

CRG was formed through the acquisition of HCL Workforce Solutions, Medicare First and Team 24 by Castlerock Recruitment Group (CRG) in 2018. CRG is a leading national provider of temporary and permanent health and social care professionals to the public and private sectors. Provision includes doctors, nurses, allied health, health sciences, qualified and unqualified social workers and administrators across the United Kingdom.

Allied Healthcare was formed in 1972 as a one-branch home nursing service in Staffordshire. Since then, Allied Healthcare has grown to become one of the United Kingdom’s biggest and most recognised care providers delivering high-quality care that people deserve. Allied Healthcare caters for practically all healthcare, home care and specialist need, and is the trusted care provider of choice for many UK authorities.

Twenty20 Capital is a London and European based firm providing Entrepreneurial Capital to the staffing and services sectors. The partners within Twenty20 Capital have a proven track record of delivering impressive returns for their portfolio businesses.