Bridges Ventures bets on UK home care

The firm has sealed its fourth deal from the £125m Bridges Sustainable Growth Fund III.

Bridges Ventures, a UK-based firm with a social impact-driven investment strategy, has invested in Alina Homecare, a new organisation that has been established to provide high quality home care across the South of England.

Alina Homecare aims to improve standards of care within the home setting. It works closely with service users, local authorities, the NHS and other organisations to innovate and be a catalyst for the integration of health and social care.

The company has just completed its first acquisition, a family-owned single-branch business in Hertfordshire with over 100 staff. This acquisition follows the opening of Alina’s first ‘greenfield’ branch on the south coast in March.

“Demographic trends in the UK are placing increased demand on the current healthcare infrastructure and the need for more high quality home care services is growing fast,” Garret Turley, a partner at Bridges Ventures said in a statement.

This is the fourth investment made by the £125 million Bridges Sustainable Growth Fund III, which closed above its £100 million target last year. The fund backs companies that can generate attractive returns for investors as well as bring about positive societal impact.

Last month, Bridges Ventures acquired Clothingsites, a designer menswear e-commerce business in the UK. Last November, Bridges invested in Qbic, a new 'budget boutique' hotel in London's East End. 

The firm’s Fund III has also invested in The Vet, a Bristol-based veterinary service which provides clinical pet care at affordable prices to pet owners in deprived areas. 

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