Mears completes exit from domiciliary care as it disposes of Scottish business

Published by

Nicky Godding

Mears plc, the Gloucester-based company which provides and manages 17,000 homes for local and central Government and is responsible for keeping 750,000 social housing homes in the UK in good repair, has finally completed its exit from domiciliary care

The company has sold its Scotland Domiciliary Care business to Cera Care Operations Holdings Limited, for £2 million. Cera Care bought Mears' England and Wales Domiciliary Care business in January this year.

The proceeds from the disposal will be used to reduce Mears Group's indebtedness, in line with its de-gearing strategy.

David Miles, Chief Executive Officer of Mears, said: "This disposal marks our exit from domiciliary care, in line with the Group's strategy to purely focus on its core Housing solutions activities. This disposal to Cera Care provides continuity for our customers and employees, at the same time as enabling us to focus our efforts where we can deliver greater value for shareholders."

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.