Allied Healthcare transfers assets to CRG
Allied Healthcare sold following Stage 6 notification from CQC
Published on 17th December 2018
Care provider Allied Healthcare has been acquired by Health Care Resourcing Group, it has confirmed.
Locum Today reported last month that the Care Quality Commission has written to 84 local authorities warning of a potential disruption to allied healthcare services after Allied Healthcare announced its intention to apply for a Company Voluntary Arrangement (CVA) in April this year to restructure its debts.
The CQC issued a Stage 6 notification - an early warning to local authorities that the inspectorate considers that the business failure of a provider in their area is likely and this could lead to services ceasing for people who receive care from that provider.
However at the time Allied Healthcare slammed the move as "premature and unwarranted".
A recent statement from the company said: "Prior to the Stage 6 notification and until the 30th November deadline, Allied Healthcare have worked tirelessly to secure a new financing arrangement from the banks. It was clear by the 15th November, due to the Stage 6 notification, that Allied Healthcare would not be able to secure the necessary financing arrangement, however it did secure an extension of funding until the 21 December. As a result of this development, Allied Healthcare advised customers that it was seeking a sale of its business and/or transfer of services and that customers should continue to develop contingency plans should this process not succeed."
The statement confirmed that The Board of Allied Healthcare reached an agreement with Health Care Resourcing Group, a privately owned and managed company which has delivered direct healthcare and home care services for over 18 years, to acquire Allied Healthcare’s trading assets. Ownership and full service provision transferred to CRG at 4pm on 30th November 2018.
"With the seamless transition of ownership completed, Allied Healthcare is continuing to provide the safe and effective delivery of services to all customers and service users, especially important as we approach the festive period and beyond. This also means that vital care workers and branch staff responsible for overseeing care visits will remain in post with the same pay and conditions as before," said the statement.
"With long-term financial arrangements in place and a clear commitment to the continuation of high quality services, Allied Healthcare would urge local authorities to consider the potential disruption that could be caused by transferring services, particularly at this time of year.
"CRG are confident that under Allied Healthcare’s new CEO, Narinder Singh, all stakeholders can be reassured that there will be no break in service," the statement concluded.
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