August Equity LLP ("August Equity") has today announced a management buy-out ("MBO") of Lifeways Community Care Limited ("Lifeways"). Lifeways is a market leading provider of supported living for people with complex needs and is the only provider offering nationwide coverage.
Lifeways offers specialist care to over 900 people with challenging needs, including autism, psychiatric or learning disabilities and acquired brain injuries, in their own home or a community setting. This flexible and tailor-made support can range from a few hours a day to fully staffed 24 hour packages providing service users a real choice to move into more independent living environments.
August Equity will support the management team in continuing to develop the business, both organically and through acquisition, whilst maintaining the high standards and strong ethics that have been key to the company's success.
Philip Rattle, Partner, August Equity LLP, said: "Lifeways is an attractive investment opportunity for us and a great opportunity to build on our existing healthcare portfolio. Lifeways has built its reputation on its flexible and service user focused approach and its commitment to high quality service across the UK."
Aatif Hassan, August Equity LLP, said: "We are delighted that Lifeways has chosen to work with us and we look forward to supporting Paul Marriner and his team grow the business."
Paul Marriner, Chief Executive, Lifeways, said: "This gives Lifeways a tremendous platform from which to deliver the next phase of our development and growth. Partnering with August Equity, an experienced investor in healthcare, is a great endorsement of the business. We have built a strong relationship with August Equity and we look forward to working with them to achieve our growth plans."