Mysa Care, a specialist care provider backed by investment manager Downing LLP, has acquired PoC, a leading supported living, residential and day care provider in South Wales for adults with high acuity, complex care needs including learning disabilities and autism.
PoC, founded over 20 years ago, has built a strong reputation as a best-in-class specialist care operator known for its quality of care. PoC currently supports over 100 people in supported living, residential care, daycare and respite care across 28 properties in South Wales and employs around 280 staff.
The acquisition is a transformational deal for Mysa Care and increases Mysa Care’s operational footprint from four residential care homes with 37 beds to 32 residential care homes and supported living properties with 97 beds. In addition, PoC provides Mysa Care with a platform for growth in Wales.
The acquisition of PoC is an important milestone in Mysa Care’s strategic growth plan to expand into supported living and build a market-leading and quality-driven specialist care business.
Torsten Mack, Investment Director, Downing LLP, said: “We are delighted to be able to add a business of PoCs calibre to the Mysa Care family. PoC’s reputation as a leading provider of high-quality care for this vulnerable segment of society is second to none and we are excited to continue to grow in Wales.”
Chris Breen, CEO of Mysa Care: “With expansion plans already underway at Mysa Care, we are very excited to be adding PoC to our business - the standard of care that PoC offers aligns well with our approach. As an established and respected care provider, we support our residents to live their lives as independently as possible, we now look forward to bringing this service to those in need in the South Wales region.”
Downing was advised by law firm Bevan Brittan with Hazlewoods providing financial due diligence, Mansfield Advisors providing commercial due diligence and JLL providing valuation services. The sell-side process was led by Grant Thornton.