Shaw healthcare has sold a minority stake to Bridges Evergreen Holdings for £10 million to accelerate its growth and development.
Shaw, which provides residential and domiciliary care, is one of the employee-owned companies in the UK, with over 3,500 employees and revenues of more than £90 million last year. Shaw operates 51 homes in England, Wales and Scotland.
As part of the deal, Bridges’ Scott Greenhalgh will join the Shaw board as a non-executive director.
Jeremy Nixey, founder/CEO of Shaw healthcare, commented: “As we continue to expand the business and enhance our impact in the coming years we sought an investment partner that shares our values and has a strong record in the care sector. Bridges are the perfect fit and align with our ethos.”
Scott Greenhalgh, executive chairman, Bridges Evergreen Holdings, said:
“Shaw is a great example of the kind of organisation we created Evergreen to support: a high-quality business addressing a clear societal challenge at scale and over the long term, managed by an outstanding team. We believe that as an employee-owned business, its focus on staff engagement serves as an important source of competitive advantage as it looks to deliver the highest quality of care and win new contracts.”