ACQUISITION: HCRG Care Group
Twenty20 Capital has acquired the former Virgin Care company from the Virgin Group, rebranding it as HCRG Care Group.
Under the leadership of Dr Vivienne McVey, the newly named HCRG Care Group has evolved to become a respected and trusted partner in the provision of high quality and excellent value health and care services, making a positive difference to millions of people across the country.
This transaction helps enable the business to develop additional services that enhance both the quality of provision and the value given back to health and care commissioners.
A Twenty20 Capital spokesperson says: “The acquisition of Virgin Care and rebranding to HCRG Care Group represents an opportunity to support a strong management team and broader workforce to deliver critical health and care services across the community. As an investor in healthcare services for more than 20 years, Twenty20 Capital is excited to support the company’s plans building on its strong market position, whilst growing its services to provide outstanding service to customers.”
Dr Vivienne McVey, CEO of HCRG Care Group says “Whilst we have a new name, as HCRG Care Group it remains business as usual – our team will continue to focus on changing lives by transforming health and care working with commissioners, communities and our hard-working frontline colleagues to deliver joined-up, efficient but above all high-quality services.”
This acquisition is Twenty20 Capital’s seventh transaction this year and its fourth acquisition in the health and social services sector adding c. £260m of revenues to its growing portfolio of businesses.