Irish HomeCare bosses join fund for acquisition
Conor McMahon
December 8 2019, 12:01am, The Sunday Times
An IrishHomecare employee with a client
Management at Irish HomeCare has partnered with investment fund MML GrowthCapital Partners to acquire the homecare provider from its founding shareholders.
Fiducia Bidco, a subsidiary of MML-managed Fiducia Healthcare, is to acquire Sora Healthcare — which trades as Irish HomeCare — and related company Caringangels.
Founded in 2005 by Sally Murtagh, Irish HomeCare provides a range of services across Ireland, including assistance for people with dementia, meal preparation and help with personal hygiene. It also facilitates accredited training for healthcare workers.
Headquartered in Castleblaney, Co Monaghan, the company operates in 14 counties and has offices in several locations, including Dublin, Cork, Galway, Limerick and Offaly. It employs about 600 people.
The acquisition of the company by Irish HomeCare's management will be led by group finance…