In an exciting move within adult social care, Prosperity Care and Wellbeing has announced its merger with K2 Care to form a prominent disability and mental health care, and holistic therapy provider based in Gloucestershire. This strategic merger not only marks a significant milestone in Prosperity Care and Wellbeing’s remarkable growth journey but also brings a fresh perspective to the world of specialist care for adults with disabilities and complex needs across the South West of England.
With a focus on strategic planning and exceptional leadership, the company is preparing to transition from a small, local provider to a medium sized enterprise operating across the South West, positioning itself for continued growth and further success in the health and social care sector.
Following the merger, the companies will work together operating as Prosperity Care and Wellbeing, building on the award-winning company’s success over the last three years.
The merger of both organisations has led to increased financial investments to accelerate their ambitious growth plans, and open new horizons for quality care provision. The combined business, delivering 4,500+ weekly care hours in the local community with a projected 25% growth in the next year, has the expertise, capacity, and potential to expand services, offer expert care, and create exciting career prospects.
Kate Smith, Director and Co-owner of K2 Care/Prosperity Care and Wellbeing, expresses her optimism about this strategic move:
“The merger of both organisations is a positive step for the group as we look to grow our portfolio to benefit more people and enhance our reputation as a well-respected, high-quality provider of specialist care for adults. I’m really excited about our future and I’m looking forward to working together with the leadership team at Prosperity Care and Wellbeing as we enhance the quality and scale of our services.”
Colin Beard, Managing Director of Prosperity Care and Wellbeing, added:
“Prosperity Care and Wellbeing prioritise putting people first, ensuring that the individuals we support receive the highest quality care and wellbeing services. We’ve built a reputation for being a dynamic and innovative private care provider due to winning prestigious business awards such as Start Up Business of the Year 2021 and Best Place to Work 2022 at the GloucestershireLive Business Awards, winners of the Circle2Success Culture and Diversity Award 2023, and finalists for the Business Growth award. We recognise the importance of keeping our company values and maintaining the ‘family feel’. By retaining the experienced directors of both organisations, we will provide consistent oversight and uphold the core principles that have made K2 Care and Prosperity Care and Wellbeing trusted names in the care sector.”
The organisation has also recruited Lesley Allen as Director of Care, bringing a track record of leading dynamic teams, and steering organisations through periods of change with a heavy focus on best practice learning and continuous improvement. Her credentials include winning prestigious awards and recognition for her outstanding contributions to the field.
“We are thrilled to welcome Lesley Allen to our team,” said Josh Isaac, Finance Director. “Her reputation and achievements in the sector, coupled with a deep-rooted passion for delivering quality care and successfully overseeing organisational mergers, make her a perfect fit for our organisation., we are excited to have Lesley lead our re-defined organisational teams, allowing us to further invest in the recruitment and development of talented people and safe, high-quality housing to further enhance the lives of the individuals we support.”
You can find out more about Prosperity Care and Wellbeing on their website: https://www.prosperitycare.co.uk/
A Trusted Partner: Hazlewoods Corporate Finance Team
Behind the scenes of this merger is the expertise of Hazlewoods Accountancy. They provided invaluable financial and tax due diligence, ensuring that every aspect of this transaction was meticulously examined for the benefit of both merging organisations.
John Lucas, Partner at Hazlewoods, commented:
“I was delighted to be involved in the creation of one of the largest privately owned care providers in Gloucestershire and surrounding counties.
I have worked with Kate for many years, and having more recently met with Colin & Josh to discuss their business plans, I could see how a merger of the two organisations would create many opportunities for growth.
We and look forward to helping Kate, Colin & Josh grow their combined business both in the county and beyond over the next few years.”
