City & County Healthcare
Building on its successful track record in the social care sector, Graphite led the secondary buy-out of C&C in December 2013. The ‘care at home’ market was attractive as it was large, fragmented and had strong underlying growth drivers. Having reviewed a number opportunities, C&C was considered the most attractive consolidation platform. The investment thesis was to accelerate the existing acquisition programme as well as develop the business organically.
Graphite supported C&C in meeting sector challenges, adding service capabilities, and developing its processes and technology. C&C was able to outperform competitors to become the UK’s ‘number one’ homecare provider, serving both public and private sector clients.
KEY BUSINESS ACHIEVEMENTS
Professionalised & centralised support functions to enable scalability
Completed and integrated 18 acquisitions and delivered synergistic benefits
Enlarged national footprint to operate through 21 brands and over 200 locations
Diversified service offering to cover wider aspects of care at home, whilst maintaining excellent quality standards
Became the largest & most effective provider in the UK
Increase in turnover
In December 2020 Graphite sold its investment in C&C to a financial buyer.