Livingstone’s intimate knowledge of the healthcare services market, and diligent preparation for an exacting sales process, assured a smooth acquisition of Brookdale Care by Tracscare.
Around 700,000 people in the UK today are thought to be living with some form of autism. That’s one in 100 people – five times more than just 20 years ago. While only 14% require specialist care, the huge increase in numbers represents a significant challenge for the UK care services sector – and an exciting opportunity for investors in the space.
Serial entrepreneur Michael McInerney recognised that opportunity in 2002, when he founded Brookdale Care to focus on the challenging and complex needs of adults with autistic spectrum disorder (ASD), having successfully exited his previous care homes business.
Once exclusivity was granted, the race was on to complete the transaction in just three and a half weeks. The challenging timescale, driven by McInerney, relied on Livingstone’s exhaustive preparation of the Brookdale management team. Although operationally and strategically strong, the team had little previous experience of demands of this type of transaction.
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