Orbis Advises On Sale Of Leading Specialist Education And Care Provider Progress Care
Progress Care (“Progress”), a leading specialist education and care provider, has been sold to Priory Group for a multi-million pound price. The transaction was originated and led by Shah Zaki and Peter Bull from corporate finance advisers Orbis Partners.
Progress is a specialist care services business, supporting children and young adults with high acuity learning disabilities, challenging behaviour and autism. Its’ services are highly sought after, reflecting its’ excellent reputation for the standard of care provided. As a result the business serves Local Authority clients from across the UK. Progress has an annual turnover in excess of £7m and employs around 250 staff.
Priory Group are the leading provider of behavioural care in the UK, trading through four divisions – Priory Healthcare, Priory Education, Craegmoor and Amore Care. It has annual turnover in excess of £500m.
“We are very proud of what we have achieved as a specialist care provider over the past two decades. Priory has a world-leading reputation for delivering outstanding services and it is the perfect home for Progress. The advice and guidance received from Orbis throughout the process has been invaluable and has helped to deliver an excellent result for us.”
Margaret and Michael Calvert, Founders and Shareholders
“I am delighted that we have concluded a deal that matched the aspirations of the shareholders. We identified Priory as a strong potential strategic buyer at an early stage given their existing portfolio of specialist care activities.”
Shah Zaki, Partner