MHA | MHA Corporate Finance advises on sale of Tristone Healthcare to…

MHA Corporate Finance advises on sale of Tristone Healthcare to Beyond Limits (Plymouth)

September 9th 2022
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The MHA Corporate Finance Team are delighted to announce that they have advised the buy and build social care investment group Tristone Healthcare on the acquisition of Beyond Limits (Plymouth). The team was led by Andy Feeke.

Tristone adds significant value to its community businesses beyond investment through initiatives such as its independent safeguarding board. The board is made up of seven of the industry’s leading figures who are responsible for observing and overseeing care and safeguarding matters for Tristone’s community of businesses.

The acquisition of Beyond Limits, which operates across Devon, Cornwall, Somerset, and Dumfries and Galloway, follows the addition of Seaside Care Homes to its portfolio in February. At the end of 2021, the investor announced it has the backing of £20 million of funding from Duke Royalty, which has supported this latest transaction.

Beyond Limits was founded in 2011 and specialises in supporting people with learning disabilities, mental health issues and other needs. Employing 131 staff and supporting 26 individuals, the business has achieved an “outstanding” rating by the Care Quality Commission (CQC). Founder and managing director, Doreen Kelly, will retain a shareholding and remain in the business, as part of the deal.

Yannis Loucopoulos, Tristone Healthcare's CEO commented:

“The quality of care at Beyond Limits is second-to-none and is reflected in its outstanding CQC rating. The management team operates at the very highest standard and, as such, there was a real meeting of values and vision. It has all the hallmarks of a business we love to invest in, one which is delivering outstanding care and support, has a great management team, clear opportunities for growth and strong financial fundamentals.”

Doreen Kelly, Beyond Limits founder and managing director added:

“When considering the next stage of our growth journey, it was essential we found an investment partner that was culturally aligned with our business, but equally understood the nuances of the social care sector. Being able to demonstrate a passion and drive to protect the professional legacy of Beyond Limits and place outstanding care front and centre were also key to us. In Tristone, we have found that partner and we’re excited about the growth opportunities that lie ahead, while meeting the rising demand for specialist places for people in need.”

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