28 October 2016 | Care

Christie & Co brokers Tracscare acquisition deal

Specialist business property adviser Christie & Co has brokered the acquisition of Acquired Brain Injury care provider New Bridges by Tracscare.

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The New Bridges Group comprised of four Acquired Brain Injury (ABI) centres in South Wales and Somerset.

The purchase of New Bridges forms part of an ongoing programme of acquisitions by Tracscare, which has seen it take on services that share their culture and commitment to quality. In 2015 Tracscare acquired Brookdale Care, a specialist residential care provider for individuals with Autism, and as a result became the largest provider of support for individuals with Autism in the sector.

Martin Gould, Director at Christie & Co brokered the deal and said, “We are delighted to have assisted Tracscare in its acquisition of New Bridges. The purchase of these four specialist Acquired Brain Injury services is part of its ongoing growth strategy, and we look forward to working with them to expand their group further.

“The demand for expert advice backed up by comprehensive data and deep industry knowledge has never been greater. Through our regional office network, Christie & Co is responsible for the sale of over 50% of all the individually transacted care businesses in the UK with our team inspecting on average around 60 care businesses every week for brokerage or advisory purposes. The depth of data and market knowledge which we have is market leading and highly sought after, and we advise on some of the highest profile projects both in the corporate and regional market.”