Twenty20 Capital has acquired healthcare services provider Virgin Care for an undisclosed the sum.
The move brings to an end Virgin Group’s 10 year ownership of the firm and sees it rebrand to HCRG Care Group.
Twenty20 said the deal would help enable the business to develop additional services to improve the quality of provision and the value given back to health and care commissioners.
Virgin said that since its 2010 acquisition of the business more than £75m of investment in the company’s people, technology and front-line services to support its NHS and local authority partnerships had been made.
It added this investment had improved outcomes for patients and employees, with 100% of Virgin Care’s services now being rated good or outstanding by the Care Quality Commission.
The business will continue to be led by Dr Vivienne McVey who said the investment by Twenty20 would allow it to continue and build on its work.
“While we have a new name, as HCRG Care Group it remains business as usual,” she said.
A Twenty20 Capital spokesperson added: “The acquisition of Virgin Care and rebranding to HCRG Care Group represents an opportunity to support a strong management team and broader workforce to deliver critical health and care services across the community.
“As an investor in healthcare services for more than 20 years, Twenty20 Capital is excited to support the company’s plans building on its strong market position, whilst growing its services to provide outstanding service to customers.”
