Grant Thornton advises Crusader Medical Care Crusader Medical Care has been sold to Civitas and Envivo

April 2021
Crusader Medical Care
Adviser to Crusader Medical Care on their sale to Civitas Investment Management and Envivo
£undisclosed
Grant Thornton team
  • Peter Jennings
    Peter Jennings
    Head of Private healthcare, Corporate Finance Advisory
Private sector healthcare
Sell side
Corporate finance
UK

We are delighted to have advised Crusader Medical Care on their sale to Civitas and Envivo.

Crusader is a specialist nursing care provider based in Cardiff which cares for those with complex care needs and challenging behaviours, including mental illness and acquired brain injury. It has an outstanding reputation for the quality of its care. 

The shareholders initially approached us to consider their options for realising value from the business. 

Our corporate finance healthcare team utilised its knowledge of the specialist healthcare space to identify and approach a select number of key acquirers that were well placed to derive strategic benefit from the business, whilst maintaining the strong quality of care and ethos of Crusader. 

After an initial bidding round, Civitas Investment Management and its operating partner, Envivo, were appointed preferred bidder and the transaction was completed on the terms set out in the original offer. 

We provided an integrated, one team approach encompassing teams from corporate finance advisory, tax advisory and financial reporting advisory group to achieve the best result for the shareholders. 

Testimonial

Our business has developed a strong reputation for the quality of care provided and it was important to the shareholders a suitable buyer was found that would continue the Crusader ethos. Grant Thornton deep sector knowledge contributed to the delivery of a excellent result for the shareholders. They were truly outstanding and we could not have achieved the result we did without this and them standing shoulder-to-should with us through the process.

Vincent Ashley Founder and Principal Shareholder, Crusader Medical Care

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