June 2008

Hazlewoods advises on the acquisition of Galleon Care Homes Limited by Titleworth Healthcare

Hazlewoods Corporate Finance, a leading adviser in the Healthcare Services sector with a significant track record on acquisitions, disposals and finance, has recently advised on the acquisition of providers of elderly residential nursing care Galleon Care Home Limited by Titleworth Holdings Limited.  The Hazlewoods team comprised Norman Webber and John Lucas.

Titleworth Healthcare provides nursing and EMI care for elderly people as well as specialist services for acquired brain injuries and domiciliary care in Surbiton, Surrey.

Galleon Care Homes Limited currently provides elderly and nursing services across three homes in East Sussex. Titleworth management hope to roll out their specialist services across these homes as well as using the acquisition as a stepping stone to the growing the business.

Julien Payne of Titleworth Healthcare Limited commented “We would like to take this opportunity to welcome Galleon’s residents and team members to the Titleworth Healthcare group of companies. We were delighted to have acquired such a superb group of homes and look forward to building on the work and success of Galleon Care to date.” 

Norman Webber of Hazlewoods Corporate Finance noted, “Galleon provides high quality residential care to local service users and we were delighted to assist Titleworth with the acquisition.  The company is now in a strong position to expand its services.”

Sarah Scarlett of Penningtons provided legal advice to Titleworth Holdings Limited and the healthcare team of RBS, led by David Floyd, provided debt finance.

For further information on this press release, please contact:

Norman Webber                        or          John Lucas
LLP Corporate Finance Partner                 Corporate Finance Manager
nlw@hazlewoods.co.uk                              jal@hazlewoods.co.uk