Cairngorm Capital Case Studies
Millbrook Healthcare case study
Millbrook Healthcare is a leading provider of community equipment, wheelchair services and home adaptations. These services enable elderly and disabled individuals to maintain their independence within their own homes rather than requiring hospitalised care. Since the initial investment in July 2019, Millbrook acquired Ross Care in February 2021 to become a national leader within the wheelchair services and mobility equipment market.
Acquisition of Millbrook – July 2019
Group: 29 service centres; c. £120m revenues; 800 colleagues
Acquisition
Millbrook Healthcare (29 service centres, 800 colleagues):
- Established in 1995, Millbrook Healthcare is a leading provider of products and services that enable independent living
- Working alongside Local Authorities and NHS Commissioners, Millbrook’s offering includes equipment supply, product manufacturing, assessment services and home-based adaptations
- Cairngorm Capital’s investment from its second fund, Cairngorm Capital Partners II LP, and its first within the medical services industry
Location
Strategy
- Enhancing the health and wellbeing of our communities through exceptional service and solutions
- National growth through expanding range of services across the UK
- Leverage the benefits of Ultimate Healthcare and Consolor specialist seating across all commissioner relationships and sales channels
- Enrich service levels for service users and commissioners through additional investments in technology, product offerings and logistics capabilities
Acquisition of Ross Care – February 2021
Group: 45 service centres; c.£150m revenues; 1,200 colleagues
Acquisition
Ross Care (18 service centres; 300 colleagues):
- Established in 1949, Ross Care is a leading provider of wheelchair services and mobility equipment on behalf of the NHS and local authorities
- Largest provider of wheelchair repair contracts within the UK
- FY20 revenue of c.£24m
- Complimentary geographic footprint and capabilities with Millbrook
Location
Strategy
- Create a national busines and extend the range of services across an enlarged geography
- Add complementary expertise within Wheelchair Approve Repair to the existing group
- Supply chain collaboration to provide better range and benefits to commissioners and service users across the UK
- Extend technology investments across the wider group
