MANCHESTER, UK. August 5th, 2024 – In a landmark transaction, Esteem Care Holdings Ltd., a prominent UK home care provider, has been sold to Grosvenor Health and Social Care. The multi-million-pound deal, finalized on August 1, 2024, signifies a significant shift in the UK's home care industry.
Esteem Care is renowned for its exceptional home care services, providing over 7,150 care hours weekly to 620 clients through a dedicated team of 250 care staff. With branches in Manchester, Leeds, Carlisle, Kendal, Dumfries and Stranraer, Esteem Care has been at the forefront of personalized care, focusing on eliminating loneliness, promoting good nutrition, and enhancing safety at home.
Dr. Sayani Sainudeen, Founding Partner and Investment Director of Y1 Capital Ltd., which was the parent company of Esteem Care, expressed optimism about the sale. "This acquisition ensures our clients will continue to receive top-tier, compassionate care while benefiting from Grosvenor's expansive resources and expertise," said Dr. Sainudeen. For more details about Y1 Capital Ltd. Visit www.y1capital.co.uk.
Tony Veverka, the CEO for Esteem and Y1 Capital shared his enthusiasm, stating, "Joining Grosvenor is a strategic step that promises growth and enhanced service delivery for our clients."
The group was formed as a result of a buy and build strategy by Y1 Capital under the leadership of Dr. Sainudeen. The first acquisition was Guardian Response based in Dumfries in 2015 followed by Cumbria View Care Services based in Kendal in 2018. The next company to join was Able Care and Support Services in 2020 along with Vive UK Social Care in the same year. The group then rebranded as Esteem in 2023 under the guidance of Tony Veverka, CEO for the group.
Dr. Sainudeen said “ I am very grateful to have a fantastic Head of Operations, Sarah Gee, who supports the management teams at the local office. All our Registered Managers are great assets to social care. However, the commendable work of the care workers in keeping our service users safe and looked after is the forefront of our operations. Over the years we have made great relationships with the social workers, contract monitoring officers and Commissioners at the Local Authorities we work with.
Lee Peach from Grosvenor Health and Social Care remarked, "Esteem Care’s dedication to personalized, high-quality care is a perfect fit for our vision. We are excited to integrate their exceptional service model and staff into our operations, ensuring continuity and expansion of the outstanding care Esteem is known for."
Dr. Sainudeen and Tony Veverka will now focus more of their time on their Healthcare operation Transform Healthcare that is UK’s largest provider for Cosmetic Surgery and Bariatric surgery.
Dr. Sainudeen called upon the new Labour Government to invest more into social care given the state of the sector.
Dr. Sainudeen called upon the new Labour Government to invest more into social care given the state of the sector.
This acquisition is poised to enhance the quality and reach of home care services across the UK, benefiting countless individuals and families who rely on Esteem Care's exemplary services. For more information on Esteem Care Holdings Ltd., visit https://esteem.care/
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