In line with its strategy, Careium expanded and strengthened their geographical presence through the acquisition of the Dutch company Innocom. The Dutch market is an attractive market with huge potential. Innocom is one of the three leading players in technology enabled care in the Netherlands and will be a perfect addition to Careium's current operations.
Careium acquired the assets in Helpline from Bromford Housing. With the acquisition of Helpline, Careium is progressing the digital transition forward, as it is becoming increasingly difficult for smaller players such as Helpline to implement the transition themselves.
Doro are delighted to announce a new relationship with Trent and Dove Housing, a provider of housing to clients in Staffordshire, North West Leicestershire and Derbyshire. Through their FirstCall 24/7 service, Trent and Dove have been providing Technology Enabled Care services to older people for nearly 20 years. As part of the arrangement Doro has acquired the assets of FirstCall and will be continuing to support the housing business as they develop and deliver their Older Persons’ Strategy.
To further expand the reach and strength in the UK market Doro has acquired the assets of the Careline services from Connexus Housing Group. Following a stringent selection process Doro were delighted to be chosen as the preferred provider for Connexus Careline’s Technology Enabled Care Services.
To strengthen its technology platform and increase the possibilities for innovative offerings in technology enable care, Doro has acquired Victrix SocSan (Victrix). The acquisition is in line with the ambition to become a European market leader in technology enabled care, developing new proactive and preventive solutions. With the acquisition of Victrix Doro further strengthens its position as a company in the forefront of technology solutions in the industry.
In line with its strategic ambition to become a European market leader in technology enabled care, Doro has acquired UK based company Eldercare (UK) Limited. 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.
Doro is expanding its services business with the acquisition of UK-based telecare company Invicta Telecare Ltd. (Centra Pulse and Connect) from Clarion Housing Group. Centra Pulse and Connect form one of the top three telecare monitoring services in the UK and are a key provider of out-of-hours contact services for local authorities, housing associations, private businesses and charities, monitoring 106,000 telecare connections and incorporating a wide range of devices. The company has app. 180 full time employees.
To expand Doro´s telecare business and strengthen their platform and service revenue, Doro has acquired the UK based telecare company Welbeing, based in Eastbourne, UK. Welbeing is one of the leading telecare companies in the UK. The company services around 75 000 connections from various locations of which 21 000 are private customers. Organic growth has been significant, thanks to strong management and a track record of winning tenders and commercial bids. The number of employees is approximately 180.
Doro has acquiered, via its subsidiary Doro Care AB, Trygghetssentralen, the largest private social alarm center in Norway. Trygghetssentralen delivers social alarm services to approximately 34 000 users on behalf of 110 municipalities. The company has 68 permanent employees and approximately 60 temporary employees. It is headquartered in Oslo.
Doro has agreed with Verdane Capital V, a leading Nordic Private Equity fund, to acquire CareTech for an Enterprise Value of SEK 240 million, with expected closing 31 January 2015. CareTech´s solutions and services enable elderly to independently live in their homes longer and safer. The Company has realized a turn-around in 2014 due to its Telecare offering in the Nordics being fully compatible with the newly adopted IP based standards in the sector as well as the alarm central handling 60,000 users on behalf of local municipalities in Sweden and Norway.