Home care group, Allied Healthcare, has been sold just weeks after the Care Quality Commission (CQC) warned that it was on the brink of bankruptcy.
The group which provides care services to 13,000 elderly and disabled people was bought by privately-owned firm CRG Homecare.
Ian Munro, CRG group chief executive, said: “The ultimate priority for CRG is to offer an unrivalled continuity of care for all Allied Healthcare service users and provide a stable and supportive environment for all carers who will continue to deliver services across all contracts.
“The Allied Healthcare name will not change – it’s very much business as usual.”
The deal comes after the CQC raised concerns that Allied Healthcare, one of the biggest home care providers in England, might not be able to operate after November 30.
The regulator said the company had not given “adequate assurance” of funding past this date and warned of a credible risk of disruption to services.
The acquisition covers all care and support service contracts provided by Allied Healthcare, including the Primecare and Firstcall businesses.