Regard, which now has 161 services and 1,186 beds across the country, has been acquired by specialist investment manager AMP Capital. AMP Capital acquired the Group from The Montreux Healthcare Fund PLC and Macquarie Principal Finance.
Sandie Foxall-Smith, Chief Executive Officer of the Regard Group, said: “This change of ownership will not have any initial impact on the day-to-day operation of our services.
“With a growing need for our services it is vital that there is strong investment backing so that we can provide the care that people require and expect.
“At the heart of everything we do is caring for people but to enable us to keep providing better care for more people we need strong financial backing and we believe this move puts that in place.”
Regard, founded in 1994, provides a range of services to those with Learning Disabilities and Mental Health needs including residential care, supported living, outreach support services and day resource centres. Approximately 93 per cent of its sites were rated either ‘Good’ or ‘Outstanding’ in inspections by the Care Quality Commission in 2017.
AMP Capital has a strong heritage of social infrastructure investment and ownership in Australia and New Zealand and also owns two Primary Care Centres in Ireland.
Julie-Anne Mizzi, Global Head of Infrastructure Health at AMP Capital, said: “Regard has a strong existing management team, offers stable cashflows, and has industry-leading occupancy levels. In addition, the freehold ownership of its properties means they can be tailored to meet local needs, which can support the UK Government’s objective of providing quality care closer to home. The strong focus on quality of care at Regard was a critical factor for us given the important social role it plays in the community, and we are committed to continuing to deliver a high standard of care.
“Current demographic trends in developed markets mean that the need for investment in social infrastructure and healthcare is growing. Our team’s expertise and experience in this sector and established track record of responsible investment, demonstrated by our market-leading ESG performance, make us well-placed to manage and develop an asset of this significance in the UK care sector.”
Oliver Harris, CEO, Montreux Capital Management (UK), stated: “Over the last three years we have developed The Regard Group into the foremost specialist care business in the UK. This growth is a testament to the excellent staff and management teams both within Regard and Montreux. We wish AMP Capital every success with their new acquisition and feel confident that they can grow the platform yet further.”