Major contract wins in Rotherham and Hertfordshire
Mears Group is pleased to report significant new contract wins by Careforce in two areas where existing contracts, having come to the end of their natural term, were being re-tendered. In both cases, Careforce has been successful in winning higher volumes of the outsourced work at similar or increased billing rates.
In Rotherham, Careforce has won the maximum possible allocation of three blocks and Hertfordshire has won contracts which will lead to significantly increased volumes and which will run to at least 2015, with possible extensions to 2018. The anticipated aggregate forward sales value of the new contracts in Rotherham and Hertfordshire is in the region of £34 million during the basic contract terms or around £52 million if the options to extend the contracts are taken up.
Mears' Group Chairman, Bob Holt commented:
"I am delighted to be able to report these significant gains so soon after our acquisition of Careforce in 2007. I believe that they confirm that our best value approach and our commitment to partnership working resonate well with the expectations and responsibilities of our Local Authority partners. I believe they also provide further evidence of the consolidation taking place in the domiciliary care market which is leading to the placing of outsourced services by local authorities with a smaller number of larger providers such as ourselves."
Back