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CDA Care Statement

7th January 2022

Grosvenor Health & Social Care are delighted to announce the acquisition of CDA Care Ltd.

CDA Care is a Home Care provider based in South Wales, delivering over 3,000 hours of care per week to service users across the Swansea, Neath and Carmarthenshire regions.

This acquisition will complement our existing Care Cymru brand, who already deliver over 8,000 of care in neighbouring authorities, as we continue to enhance our overall presence in Wales.

Commenting on the latest acquisition, Helen Baker, National Operations Director for Grosvenor Health & Social Care stated:
"This acquisition marks an excellent opportunity to continue our growth in Wales by purchasing an excellent business which core focus has and will continue to remain delivering the highest quality care to it service users. We would like to thank Dave, Ceri and Amrita for their support throughout the process and wish them all the best for the future"

Dave Howells, the exiting shareholder of CDA Care added:
"After an extensive review of all interested parties, it was clear Grosvenor Health & Social Care was the most suited in terms of both their core ethos of delivering a quality service and ability to fulfil the potential of this magnificent Company and team I leave behind"

Darren Stapelberg, CEO of Grosvenor Health & Social Care goes on to comment on the deal:
"Following the recent investment of Weight Partners Capital into Grosvenor Health & Social Care, we are delighted to have completed this deal so quickly after. This is a clear sign of the underlying support they place in the Grosvenor team and it is certainly an exciting time for this Partnership as move forward into 2022"

Finally, Darren placed on record his thanks to all parties who assisted in the completion of this deal:
"We would like to thank our legal advisors, Gateley Plc for their guidance in the purchase of CDA Care as they continue to be a fundamental part of our success. We would also like to thank Clydesdale Bank for their financial support in the completion of this deal"

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