Sodexo expands in private-pay home care market in the UK
Paris / London, April 10, 2017. Sodexo, world leader in Quality of Life services, announces the acquisition of Prestige Nursing + Care, a leading UK home care provider.
Through its 44 branch network, Prestige Nursing + Care delivers high-quality, personalized home care to seniors across the UK focusing on a private-pay model. The acquisition provides Prestige Nursing + Care access to the experience and best practices of in-home care agencies from around the world. With demand for social care services rising in the UK, Sodexo will capitalize on this growing market, bringing innovation and development potential to Prestige Nursing + Care.
The acquisition of Prestige Nursing + Care will significantly expand Sodexo's position in the UK private home care market, and builds on the company's decades-long global track record in this sector through Comfort Keepers, a Sodexo brand. Comfort Keepers is a leading network of in-home care providers for seniors and other dependent adults with more than 700 offices world-wide.
Following the acquisition, the current management team of Prestige Nursing + Care, led by Managing Director Jonathan Bruce, will continue to manage the business.
Sarosh Mistry, Chief Executive Officer, Sodexo Global Home Care, said: "Our mission is to help seniors age in their homes as independently and comfortably as possible. Being at home not only improves the quality of life of our senior clients, but their family members as well.
Prestige Nursing + Care combines a long history of home care provision with a progressive and forward-thinking approach. We are very impressed with the professionalism and expertise of the Prestige Nursing + Care senior leadership and the way they have embraced the private-pay model. We look forward to working together to grow this business."
Jonathan Bruce, Managing Director of Prestige Nursing + Care, said: "This agreement is a major milestone in our efforts to expand the support we provide to help our clients live independently in comfort and security at home. There are a strong set of shared values between Prestige Nursing + Care and Sodexo, and we are excited by the prospect of strengthening our in-home care services to support our continued growth and innovation."
About Sodexo
Founded in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from food services, reception, safety, maintenance and cleaning, to facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass benefits for employees to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business and financial model and its ability to continuously develop and to engage the commitment of its 425,000 employees throughout the world.
Sodexo is a member of the CAC 40 and DJSI Indices.
| Key figures (as of August 31, 2016) 20.2 billion euro in consolidated revenues 425,000 employees 19 th largest employer worldwide 80 countries 75 million consumers served daily 16.6 billion euro market capitalization (as of January 11, 2017) |
About Comfort Keepers ®
Comfort Keepers ® is a leading network in the in-home care market for seniors and other adults needing care. Since its founding in 1998, the network has grown to more than 700 locations around the world by staying true to the founders' goal of providing quality, caring in-home care services that allow clients the opportunity to age in place. In August of 2009, the brand was strengthened when the franchisor, CK Franchising, Inc. was purchased by Sodexo, a global leader that delivers Quality of Life services to over 75 million consumers in 80 countries each day. In addition to providing services that focus on health care and senior markets, Sodexo's integrated offerings encompass more than 50 years of experience in reception, safety, maintenance and cleaning, foodservices, facilities and equipment management, and concierge services. For more information, visit ComfortKeepers.com .
About Prestige Nursing + Care
Prestige Nursing + Care is a long-established, forward-thinking provider of community homecare that supports independent living across England and Scotland. It is an independent, family-run business whose commitment to providing care dates to 1945, predating the birth of the NHS.
Today, Prestige Nursing + Care delivers over 30,000 hours of care and support a week to clients and their families. Its homecare services span from occasional relief care to 24-hour home nursing, coordinated by 44 local branches across England and Scotland.
Contacts
| Media | Investors |
| Laura Schalk Tel: +33 1 57 75 85 69 laura.schalk@sodexo.com | Virginia Jeanson Tel: +33 1 57 75 80 56 virginia.jeanson@sodexo.com |
Attachments:
