Clearwater International advises Palatine on its investment in Routes Healthcare
Clearwater International has advised Palatine Private Equity (Palatine) on its investment in Routes Healthcare (Routes), a leading provider of specialist person-centred health and homecare services.
Headquartered in the North-West, Routes operates from 14 service centres, employing 120 operational and management staff, along with 1,000 carers. The business provides specialist complex care packages for people with long-term health conditions, clinically-led enhanced homecare packages and end of life care, enabling people to spend their final days at home.
Routes’ fully integrated offering has become prized by its customers, as the health and social care space evolves to enable people to receive more tailored, specialist care outside of a clinical setting. Routes has built trusted, long-term relationships with local authorities and NHS Clinical Commissioning Groups (CCGs) since it was founded in 2005. Demand for its services has driven sustained revenue growth over recent years and this will continue to be supported by its future service centre rollout programme.
Key Capital Partners invested in Routes in 2016, and along with the founder Andrew Healing, will retain a minority stake. The core of Routes Healthcare’s existing management team will also remain with the business following the deal. Andy Lees and Tom Wildig from Palatine will join the board.