EXIT: CRG & Allied
- January 20, 2023
HCRG (Health Care Resourcing Group), the market-leading recruitment group, has sold its homecare provider businesses CRG Homecare and Allied Healthcare.
Having acquired Allied Healthcare on the brink of insolvency, the business has been transformed during our period of ownership. By staying true to our core principles we have driven an outstanding shareholder return in under three years.
We supported and augmented the Allied management team; executing challenging strategic and operational decisions in order to quickly return the business to breakeven trading and successfully raise the CQC rating. We later merged Allied with CRG Homecare to further increase profitability and deliver outstanding care services during the toughest months of the COVID-19 pandemic.
Both businesses now have a total revenue of £75m, establishing the group as one of the top five home care businesses in the UK.
We are proud to have created a highly attractive, scaled and profitable brand in this highly competitive home care services market.
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