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25 March 2020

Charles Russell Speechlys advises on the sale of Vision Mental Health and New Directions to Civitas and TLC Care Homes

Charles Russell Speechlys has advised the shareholders of Vision MH Limited (VMH) and New Directions Flexible Social Care Solutions Limited (ND) on the successful sale of both businesses to Civitas Social Housing PLC and TLC Care Homes Limited. 

VMH is a 32 bed hospital based in Hertfordshire which has been rated outstanding by the CQC. ND is a step-down supported living business with 7 properties and 48 registered beds. Together the companies provide a vertically integrated care pathway for mental health patients in Hertfordshire and the surrounding area. 

Matthew Angell, Managing Director of VMH commented: "It was great to work with David and the Charles Russell Speechlys team. They provided comprehensive, commercial and timely advice throughout the transaction and guided us to a successful completion." 

David Coates, Corporate Partner at Charles Russell Speechlys, commented: "It was a pleasure to work with the shareholders of VMH and ND on this transformative deal. The businesses are well placed to prosper with Civitas and TLC’s support and we wish them well in the future. We were able to draw on our strength and reputation in the healthcare sector to provide comprehensive and seamless support throughout the transaction." 

A multi-disciplinary team from Charles Russell Speechlys, led by David Coates, comprised Eddie Richards and Emily Wingrove (Property), Andrew Priestley (Tax) and Antony Vundi (Corporate).