Optimum was set up in June 2007 as a successor company to a previous Graphite investment, Avery Healthcare, and was managed by the same team.
Optimum’s strategy was to own the highest quality care homes which would be the home of choice in their given catchment area. The market was attractive due to increasing demand from an ageing population and a shortage of good quality homes.
KEY BUSINESS ACHIEVEMENTS
Built nine new care homes, acquired four and contracted to manage four leasehold homes
Grew to 17 care homes comprising 1,203 beds
Raised significant bank debt, with Graphite’s support, to fund its expansion
Sold and leased back two of its freehold properties
Internal Rate of Return
In 2013 Optimum Care was sold to Four Seasons Healthcare, the UK's leading independent health and social care group. Across Avery and Optimum, Graphite generated a return of 2.1 times its investment and an IRR of 42 per cent.