\n <\/i>\n We will pay in cash approximately GBP 2.2 million on cash and debt free basis for the acquisition of Eldercare (UK) Limited. Revenue for Eldercare (UK) Limited for the financial year 2018\/19 was GBP 4.6 million (approximately SEK 52 million). The acquisition will be consolidated from August 11th, 2020 and is expected to have a negligible effect on earnings per share for 2020 including transaction costs.<\/p>\n\n\n\n
\u201cA strong position in the UK market is an important component in our ambition of becoming a leading technology enabled care service provider. The strategic acquisition of Eldercare gives us a strong position in the North of England, enabling us to reach out to new customers looking for a more local response. As a Care Quality Commission (CQC) registered business, their domiciliary care services bring additional insight and services to our portfolio, enabling us to further extend its services to increase support to more people to live healthy, happy and secure lives\u201d says Carl-Johan Zetterberg Boudrie, President and CEO.<\/p>\n\n\n\n
Eldercare is one of the top five technology enabled care services in the UK providing services to local authorities, housing associations, the private sector and charities. The business employs 109 full time equivalent staff and monitors around 50,000 telecare connections, incorporating a wide range of devices as well as providing visiting services, including emergency mobile response.<\/p>\n\n\n\n
Talking about their decision to sell the business to us, Chris Hopkinson CEO of Eldercare said: \u201cWhen we decided the time was right to step-change the development of our telecare services, we knew we needed an excellent partner. We chose you because we were impressed by your record of providing quality products and experience of delivering digital telecare solutions. You have shown your commitment to continue to improve and innovate the services we offer to our customers, as well as facilitating the transition to digital telecare in the UK. We believe our customers will be in safe hands.\u201d<\/p>\n\n\n\n
About Eldercare<\/h2>\n\n\n\n Eldercare (UK) Limited is a leading provider of telecare services based in the North West of England. For more than a quarter of a century Eldercare has been providing technology-enabled care and response services, as well as traditional homecare, that enables safe and independent living for elderly and vulnerable people. As well as the provision of services to private individuals, Eldercare works in partnership with a large number of Councils, NHS Trusts, Housing Providers and charitable organisations, with their approach being to offer practical and valuable services and support on a national basis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Acquisition of Eldercare (UK) Limited: further strengthening our position in the UK market In line with our strategic ambition to become a European market leader in technology enabled care, we have acquired UK based company Eldercare (UK) Limited. Together with our existing business in the UK, we will handle over 230,000 connections and be one…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1783","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/posts\/1783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/comments?post=1783"}],"version-history":[{"count":5,"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/posts\/1783\/revisions"}],"predecessor-version":[{"id":4601,"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/posts\/1783\/revisions\/4601"}],"wp:attachment":[{"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/media?parent=1783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/categories?post=1783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.careium.com\/en\/wp-json\/wp\/v2\/tags?post=1783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}