Healthcare firm set for new chapter

INVESTOR BGF has sold its stake in Birmingham-based healthcare services provider.

CHS Healthcare specialises in providing outsourced services for the NHS and social care providers from its headquarters in Sutton Coldfield.

It has now been acquired by Acacium Group, a specialised healthcare services partner based in London. BGF invested £10 million of growth capital into CHS in 2018 which helped the business expand its infrastructure and operations, supporting the provision of services to the NHS and local authorities nationwide.

The investment also enabled the firm to bolster its senior management team and pursue acquisitions.

CHS was founded by GP and healthcare entrepreneur Richard Newland in 1995. While working as a GP, he recognised that families needed more support when choosing a care home so the company was founded to provide free advice to families. It now offers services such as healthcare assessment support and data management and employs more than 250 people nationwide.

A HOUSEBUILDER has unveiled plans to construct 1,000 new units across the Midlands in a series of developments worth £350 million as part of a new direction for the company.

Solihull-based Spitfire Homes says it has earmarked sites in Gloucestershire, Northamptonshire, Warwickshire and Worcestershire for the schemes.

The company, which was launched a decade ago and is part of the IM Properties group, has also rebranded from its previous name Spitfire Bespoke Homes.

It has committed to spend more than £60 million on land as it looks to deliver a more varied product range aimed at targeting a broader market after specialising in a more high-end offer aimed at wealthy buyers.

It will continue to offer the latter through ‘Bespoke Collection’, with projects planned in Edgbaston, Birmingham, and Eckington, Worcestershire.

Managing director Ben Leather said: “Spitfire has built a name for itself over the last decade for creating design-led, unique, premium and high-specification properties in some of the UK’s most sought-after locations under the Spitfire Bespoke Homes marque. With growing demand for our homes and ever-changing market requirements, we want to bring our approach to a wider marketplace. Spitfire Homes will bring the best of both worlds, opening up our new product range to a much larger audience.”