Supported living provider Partnership of Care (PoC) has been acquired by Mysa Care.
Based in Ystrad Mynach, PoC was founded in 2003 by Janine and Scott Darling. The business employs 250 who provide support to more than 100 service users. Following the deal Ms Darling will continue in a full-time developmental and transitional role to grow the PoC offering under its new owners.
Mysa Care, which is backed by investment group Downing, is a care operator with homes across the south east of England under its chief executive Chris Breen. POC was advised in its sale by Grant Thornton. The value of the deal has not been disclosed.
Ms Darling said: “Our priority in selling the business was to ensure that our residents continue to receive the highest levels of care. With Mysa Care we have found an excellent new owner that shares our values and passion for what we do.”
Leading the deal on behalf of the vendors, Jamie Roberts, Corporate finance director at Grant Thornton in Cardiff said: “Janine and Scott were seeking a true custodian for the business they have worked so hard to build. The PoC brand is an extremely strong one and the founders’ commitment to service users and their people is second to none. This landmark supported living transaction represents an excellent outcome for all parties and a high-quality addition to the Mysa Care brand.”
The Grant Thornton corporate finance team, led by Mr Roberts, also included Andrew Charter, Thomas Bew, Elisabeth Lubin, and Anna Davies. Tax advice to the vendors was provided by Richard Marsh and Hannah Jones (Grant Thornton).
PoC’s shareholders were also advised by law firm Hugh James, led by corporate partner Greg Williams.
