Hazlewoods Corporate Finance supports care group on latest acquisition

Published: Friday 24 February 2023

Optimo Care Group (Optimo) has recently acquired supported living provider, Stepping Stones.

Founded in 2010, Optimo operates a number of subsidiaries across the North of England, employing over 900 people.

The addition of Rochdale-based Stepping Stones, a leading provider of supported living within the Greater Manchester region, compliments and strengthens Optimo's growing portfolio, following on from previous acquisitions of Mayday Homecare, Safehands Support and My Life Choice in 2022.  

Ben Hales, Head of M&A at Optimo, said: “I am delighted to announce our latest acquisition of Stepping Stones. This deal further develops and supports our current growth strategy in supported living and complex care services."

Ryan Brummitt, Managing Director for Supported Living and Specialist Services at Optimo, added: “With a values base aligned to Optimo, I look forward to working with Stepping Stones to plan the next stages of development and growth for the service across the Northwest.”

Hazlewoods Corporate Finance team supported Optimo with the transaction, providing financial and tax due diligence.

Alex Griffiths, Hazlewoods Associate Director, said: "We are pleased to have supported Optimo on this acquisition, with Stepping Stones clearly being a great fit for expanding and optimising their offering in supported living and complex care services."

Ben Hales commented: “I would like to thank Alex, Jeremy, and the wider team at Hazlewoods for their support on this deal. Their knowledge and understanding of the sector was key in helping get the deal over the line. We look forward to working with the team again in the future.”

If you are considering buying a business, selling your company or are looking for ways to finance your growth plans and would like to find out more about the process, please contact Alex Griffiths on 01242 237661 or email alex.griffiths@hazlewoods.co.uk.

Content image: /uploads/team/unknown.jpg Alex Griffiths
Alex Griffiths
Director, Corporate Finance, Healthcare
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