Services Group buys accommodation provider for young people leaving care

Core Assets Group has made a significant purchase

Worcestershire’s Core Assets Group has acquired LCS Partnerships, a provider of semi-independent accommodation to vulnerable young people leaving care, for an undisclosed sum.

The group has said that the acquisition of LCS Partnerships will see Core Assets Group become one of the only children’s services providers to offer such an extensive range of children’s services, helping to ensure young people in care continue to receive high quality, holistic support into adulthood.

Mark Costello, CEO of Core Assets Group, commented: “The addition of LCS Partnerships to our group of companies is an important milestone as we look to further extend the breadth of services we provide. Strategically, this acquisition means we are able to offer responsive, wrap-around support to young people beyond their years in care, to help improve their life chances as adults.

“The services LCS Partnerships provides are built around the needs of the young person, which align perfectly with our ethos – of putting the child at the heart of all that we do – so the acquisition was a natural progression for both companies.”

Established for over 19 years, LCS Partnerships provides standalone and staffed, semi-independent accommodation for care leavers across London, Essex, Hertfordshire and Berkshire, with flexible support available from social workers.

Costello added: “Our extensive fostering experience means we understand how important high-quality support is to young people reaching independence. Support at this time in their lives is crucial, and can make all the difference in helping to secure successful adult futures. LCS Partnerships’ commitment to making a difference to young people’s lives, combined with our recognised position as a leader of child-centred approaches, makes today’s announcement one of great significance.

“We look forward to working together to make a positive and lasting difference to even more vulnerable young people in the months and years to come.”