Further success in the software sector for Quercus

October 25, 2018
Andrew Clegg

Quercus Corporate Finance is delighted to announce the sale of iCareHealth (UK) Limited to the Access Group.

The Quercus team, led by Andrew Clegg and Amanda Hall, advised the Board of iCareHealth, one of the UK’s leading providers of software solutionsfor the social care sector, on the sale of the company to the Access Group, whose Health and Social Care division includes solutions used by over 6,000 registered providers in residential and domiciliary care.

The combination with Access will enable iCareHealth to access a new level of expertise in the provision of integrated software solutions, accelerate product development provide a wider pool of resources.

Financial details have not been disclosed.

The sale marks the third transaction the Quercus team have advised key members of the iCareHealth Board on in a relationship that spans over 12 years.

Andrew Clegg, Founding Partner of Quercus said:

“It’s been an absolute pleasure working with Simon and the iCareHealth team once again on this important deal in the social care software market, where we anticipate further M&A activity.  Access represents a great fit for iCareHealth; they have an excellent acquisition pedigree and their experience and financial strength provide the support necessary to take the business to the next level.”

Simon Martin, Chairman of iCareHealth said:

“It’s been great working with Andy and Amanda once again and the sale to Access is a great result for the iCareHealth shareholders. We have successfully built the business around three core values - honesty, consistency and transparency; all attributes we have found once again in our dealings with the Quercus team.  Their pragmatism, determination and attention to detail made all the difference.”

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