Radis Community Care has acquired two new supported living services after securing a funding package from ThinCats, an alternative lender to mid-size businesses.
Established in 2001 by brothers Samir and Deepesh Patel, Radis started as a small local provider of care at home, primarily for older people, and now operates 80 locations across the UK, supporting thousands of adults and children to live independently.
Radis sought funding to acquire Lucy Glyn Support Services in Stratford Upon Avon, providing supported living services in homes to people with complex needs and high levels of challenging behaviour in Warwickshire.
It has also acquired Bradford-based Focus Care Services, providing support to individuals with learning and/or physical disabilities living in their own homes, alongside a range of children’s services.
Samir Patel, co-founder and executive director of Radis, said: “We have worked very hard over the years to embed our reputation as a provider of quality services for some of the most vulnerable people in our communities. We now plan to build on this success, and these acquisitions provide the ideal next step in our growth strategy.”
Radis was introduced to ThinCats by Mike Gascoigne, head of Healthcare at MAF Finance Group, a specialist healthcare broker based in Derbyshire.
Richard Henshaw, director and Head of Healthcare at ThinCats said: “Radis have a highly professional and comprehensive central team in place, and these acquisitions will enable them to diversify their offering and support a far wider base of vulnerable people. It has been a pleasure working with them, and also the team at MAF once again.”