Twenty20 Capital acquires Virgin Care and rebrands to HCRG Care
After more than 10 years as part of the Virgin Group, Virgin Care, has been acquired by Twenty20 Capital and rebranded HCRG Care Group bringing together their strengths, capability and expertise in the health and care services sector.
Under the leadership of Dr Vivienne McVey, Virgin Care has evolved to become a respected and trusted partner in the provision of high-quality health and care services, making a positive difference to millions of people across the country. This transaction helps enable the business to develop additional services that enhance both the quality of provision and the value given back to health and care commissioners.
A Twenty20 Capital spokesperson says: “The acquisition of Virgin Care and rebranding to HCRG Care Group, represents an opportunity to support a strong management team and broader workforce to deliver critical health and care services across the community. As an investor in healthcare services for more than 20 years, Twenty20 Capital is excited to support the company’s plans building on its strong market position, whilst growing its services to provide outstanding service to customers.
“This acquisition is Twenty20 Capital’s seventh transaction this year and its fourth acquisition in the health and social services sector adding c. £260m of revenues to its growing portfolio of businesses.”
A Virgin Group spokesperson, says: “Since acquiring the company in 2010, Richard Branson and the Virgin Group have supported Virgin Care with more than £75m of investment in the company and its NHS and local authority partnerships, through its people, technology and front-line services.
“All of Virgin’s investment in the company has been used to support the services it delivers and positions HCRG Care Group to continue to develop and deliver innovative community services that make a positive difference. Virgin has ensured it leaves the business in a strong financial position.”