Routes Healthcare
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Routes Healthcare - overview
Established
2004
Location
Cheshire, -, UK
Primary Industry
Healthcare
About
Routes Healthcare, based in the UK, specializes in providing high-quality health and social care services, including home care and complex care solutions, aimed at improving the well-being of individuals in their communities. Founded in 2004, Routes Healthcare operates as a provider of health and social care services. The company's headquarters is located in Cheshire, UK. It has undergone significant growth, culminating in a majority stake acquisition by Palatine Private Equity in June 2021.
The firm has completed a total of 2 deals, with the most recent deal occurring in June 2021. The founder, Andrew Healing, retains a minority stake in the company following the acquisition, which reflects a strategic pivot towards scaling operations. Routes Healthcare has raised a total of GBP 4. 000 mn, primarily through its most recent GROWTH funding round, which was also GBP 4.
000 mn, from investors including Key Capital Partners. Routes Healthcare provides a range of clinically-led services, including home care, live-in care, end-of-life care, and complex care. These services cater to the unique needs of clients, particularly the elderly and those with chronic conditions, promoting independence and dignity. The company operates across various regions in Northern England, including Blackpool, Preston, Burnley, Newcastle, Manchester, Kirklees, Rochdale, Sunderland, and the Wirral Peninsula, ensuring that care is tailored to individual requirements.
Routes Healthcare reported a revenue of GBP 40,175,955. 90 for the most recent year of 2021. The EBITDA for the same year was GBP 3,825,898. 80.
The company's revenue model is characterized by personalized care services that are billed on an hourly basis or through tailored care packages, fostering direct engagement with clients and their families. Looking ahead, Routes Healthcare plans to enhance its service offerings and expand its geographic reach. The recent acquisition by Palatine Private Equity will facilitate the execution of its growth strategy, enabling the company to advance its vision for delivering comprehensive care. Specific upcoming products include innovative care solutions designed to fulfill market demands, although exact launch dates remain unspecified.
The company aims to explore further expansion into new markets within the UK to enhance its service distribution by the end of 2023.
Current Investors
Palatine
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living
Website
www.routeshealthcare.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Routes Healthcare - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 13,779,892 | 14,673,706 | 21,712,498 | 29,205,017 | - | - | - |
| % Revenue Growth (YoY) | - | 6.5% | 48.0% | 34.5% | - | - | - |
| EBITDA (USD) | 1,143,630 | 536,966 | 1,059,161 | 2,781,152 | - | - | - |
| Operating Income (USD) | 1,093,787 | 477,848 | 1,022,631 | 2,713,395 | - | - | - |
| Operating Margin | 7.9% | 3.3% | 4.7% | 9.3% | - | - | - |
| % EBITDA Margin | 8.3% | 3.7% | 4.9% | 9.5% | - | - | - |
| NET Income (USD) | 887,200 | 386,162 | 803,245 | 2,183,298 | - | - | - |
| % Net Margin | 6.4% | 2.6% | 3.7% | 7.5% | - | - | - |
Routes Healthcare - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Routes Healthcare | - | ||||||||
| Growth | Completed | Routes Healthcare | - |
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