We are delighted to have supported Andover Care in the successful acquisition of the Andover Nursing Home.
Roffe Swayne is delighted to have supported Andover Care in the successful acquisition of the Andover Nursing Home, a privately held residential care home rated as ‘Outstanding’ by the Quality Care Commission.
Dr Ramneek Grewal, a Surrey based entrepreneur with a successful medical career, incorporated Andover Care Ltd to effect the transaction. Dr Grewal’s medical knowledge and interest in the residential care sector, will see her play a key role in the management and running of the nursing home going forward.
Andover Care is a client of Roffe Swayne, we provide corporate finance, audit, accounts and also tax services.
We worked closely with Andover Care helping them navigate through some of the financial and tax risks of the acquisition. As well as reviewing the Purchase Agreement, and also working closely with other advisers linked to the transaction.
The results from Roffe Swayne’s work highlighted a number of areas that directly impacted value perspectives, which allowed Andover Care to negotiate better transaction terms.
Scott Harrower and Anu Tayal, led the transaction with colleague Elaine Knopf.
Scott commented; “We were delighted to have worked on this first successful acquisition with Andover Care. This certainly now provides a solid platform for future growth. Furthermore we look forward to continuing work together as the business grows. It is always really rewarding to help entrepreneurs at the start of their journey and working with them as they achieve their long term ambitions”.