West Bromwich-based Accord Group has acquired Nottingham-based Direct Health Group in a deal which it says will lead to the creation of 2,000 jobs over the next three years.
The deal, which Accord said was a “natural extension” of its health and social care business, will see the housing group double its health and social care turnover and increase its workforce to 4,500.
It will also increase the reach of the care services it offers, enabling it to provide around 3.5 million hours of home-based and residential care each year.
The 2,000 new job opportunities being created over the next three years will be driven by a planned expansion in services and natural vacancies and there will be no job losses as a result of the deal.
Direct Health will continue to operate as an independent company under its existing management structure but will become a wholly-owned subsidiary of the Accord Group.
It currently operates 18 branches across the Midlands, North East and North West regions from its head office in Nottingham and is the ninth largest provider in the UK.
Accord Group chief executive, Dr Chris Handy, said: “This is an exciting announcement for both businesses as well as for communities across the Midlands and North of England. “Direct Health is one of the UK’s leading providers of care to people in their own homes and it is a business which has always enjoyed solid organic growth.
“We have seen it build an excellent reputation, both for the quality of its care and for its strength as a business, becoming fully-integrated into the communities in which it operates.
“Our customers tell us they have a strong preference for receiving care in their own homes and in acquiring one of the leading providers in the UK, we are responding to this demand in a direct, logical and positive manner.”