, a diversified investment holding company, on Thursday confirmed an agreement has been reached for the acquisition of Vista Care Solutions Limited (Vista Care).){kind=link}
MBH’s portfolio is now made up of 26 companies across eight industry sectors
MBH Corporation (ETR:M8H), a diversified investment holding company, on Thursday confirmed an agreement has been reached for the acquisition of Vista Care Solutions Limited (Vista Care).
It is the latest step in MHB’s extensive acquisition drive yet remains subject to regulatory approval for the proposed change of ownership from UK city councils.
Vista Care was launched in 2018 as a home care agency provider across the UK registered to provide personal care to people with a learning disability, autism spectre disorder, sensory impairment, people with an eating disorder, mental health and people who face issues with drug and alcohol misuse.
Their unaudited revenues for the financial year ended 31 May 2021 totalled £3.3m from
contracts with city councils in Nottingham, Newham and Redbridge who make up the company’s
list of customers.
The MBH portfolio is now made up of 26 companies across eight industry sectors and five countries.
“Vista Care has a clear set of growth targets that it is looking to achieve organically by increasing
bed count, in implementing their growth plans they have also set out a clear ESG policy
covering their environmental impact, the design and technology of their services and the
recording and reviewing of their progress,” MBH said in a statement.
MBH have utilised approximately €37m of its bond programme leaving a balance of
€13m to be used if required.
Callum Laing, CEO, MBH Corporation Plc, said: “Care homes are integral to the British
service economy and Vista Care represents the best of the sector with a future facing and
innovative offering that gives the people it cares for the best possible experience. We’re proud
to welcome the team on board and look forward to taking the next steps to growth alongside
them.”