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CareTech Holdings cleared to complete acquisition of Cambian Group PLC

CareTech Holdings cleared to complete acquisition of Cambian Group PLC

Fri 8 Feb 2019 07:57 by about : mergers & aquisitions - 0 Comments - 209 words


CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services in the UK, welcomes this morning's announcement from the Competition and Markets Authority ("CMA") that it has unconditionally cleared the Company's   ("Cambian"), a transaction that completed on 19 October 2018.

Farouq Sheikh, Executive Chairman of CareTech, commented:

"We are delighted by the CMA's decision and would like to place on record our appreciation to all involved during the CMA process particularly the executive teams at CareTech and Cambian. We will now move forward with the integration, creating value for all our stakeholders through the highest quality service offerings and significant synergies."

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