Healthcare acquisitions are not bypassing the UK and Europe. Today (11 Aug), Sweden’s Doro announced its acquisition of Eldercare (UK) Limited of Lancashire. Terms were announced as cash approximately UK £2.2 million on cash and debt free basis. It is effective immediately and Eldercare’s revenue will be consolidated into Doro’s from 11 August.
Eldercare adds 50,000 connections to the Doro portfolio, bringing them into second place in UK telecare with over 230,000 connections. Doro’s earlier UK acquisitions were in 2019, Invicta Telecare, parent of Centra Pulse and Connect, from Clarion Housing in the southeast [TTA 19 Sept 19] and in 2018, Welbeing in Eastbourne [7 June 18].
Doro’s CEO notes that Eldercare adds to their position in the North of England, important as telecare is a localized and council-focused business in the UK. With over 100 employees, Eldercare is also a Care Quality Commission (CQC) registered business and provides domiciliary care services. Eldercare’s CEO Chris Hopkinson is quoted in the release: “When we decided the time was right to step-change the development of our telecare services, we knew we needed an excellent partner. We chose Doro because we were impressed by their record of providing quality products and experience of delivering digital telecare solutions. They have shown their 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.”
Eldercare’s last independent financial report was for the financial year 2018/19, with revenue of UK £4.6 million (approximately SEK 52 million).
Doro in many of its countries is best known for senior-friendly, easy to use wireless, mobile, and smart phones with add ons such as PERS apps. Eldercare, Invicta, and Welbeing are part of Doro Care, which markets social alarms and other home devices for the safety of older adults such as chair and epilepsy sensors. Hat tip to one of our faithful Readers.