Plan to grow care business
Kilgour adds two homes in quest to scale-up company
Robert Kilgour: ‘a nimble Scottish company’ (pic: Terry Murden)
Scottish serial entrepreneur Robert Kilgour has bought two Lanarkshire care home companies – the latest step in his plan to double the size of his Renaissance Care company.
The operating companies for the two Uddingston properties, Rosepark Nursing Home and Croftbank Care Home, which have a total 128 beds and employ close to 200 staff, have been acquired from the Balmer family, who run Balmer Care Homes Group.
The deal also includes the purchase of a development site next to Croftbank, where Mr Kilgour plans to build another care home some time in the near future.
These additions mean Renaissance Care now has a portfolio of 14 homes with close to 700 beds, employing almost 1,000 staff. Terms of the acquisition were not disclosed.
Mr Kilgour previously had success in the sector as the founder of Four Seasons Health Care, which he launched with one care home in his native Fife in the late 1980s. He sold the company in 2,000 by which time it was the fifth largest business of its kind in the UK with more than 100 homes and 6,500 employees. He completed his final financial exit from Four Seasons in 2005.
The latest acquisition means that Renaissance Care will see turnover rise from £20m to £25m from a spread of care homes in Edinburgh, Glasgow, Aberdeen, Aberdeenshire, South Lanarkshire, Perthshire and Moray.
Mr Kilgour said: “We look forward to welcoming these care homes, their staff, management, residents and their families in to the Renaissance Care family. This deal is another step in our ongoing expansion plans to become a major Scottish care home operator.
“We’re a nimble Scottish company, wholly-owned by the management of the company, and this gives us a platform to develop further and faster. I would like to see us double in size over the next two to three years to have close to 30 properties in Scotland. I believe this is an achievable target.
He has also made two new senior management appointments – Louise Barnett as managing director, and Yvonne MacKenzie as perations director.
Mr Kilgour expressed concern over Brexit and the effect it will have on retention of EU staff and the achieving of immigration visas for recruits.
He said: “About 30% of our current staff are non-UK citizens and many are from EU countries. Our priority is to make them feel welcome and encourage them that they have a long-term future in Scotland with Renaissance Care.
“With around 30 homes, we would plan to open our own staff training academy post-Brexit to develop our own trained staff, including staff trainers who would go out and work with our existing staff within our care home network.”