MBH Corporation keeps up pace of acquisitions as strategy develops
- MBH Corporation acquires second health care provider
- MBH Corp accelerates pace of acquisitions as strategy develops
- MBH acquire second health care provider Vista Care Solutions
About the company
MBH Corporation PLC is a diversified investment holding company, which has been established to invest in profitable, debt free SME’s which are primed for growth.
MBH is a buy-in business rather than a buyout specialist, acquiring well-run companies that have a long track record of success, and where management are not so much looking for the exit as attempting to get to the next level.
How it is doing
It is the company’s fifth purchase of the year and its 17th since the start of 2020.
Vista Care, which includes Nottingham, Newham and Redbridge city councils among its clients, generated unaudited revenues for the year to 31 May 2021 of £3.3mln.
MBH will pay a total consideration for the acquisition of between £3.3-4mln, settled by way of convertible notes which will convert into MBH shares at the lower of the 30-day volume weighted price preceding the conversion date or €0.80 per share.
Insight: MBH Corp accelerates pace of acquisitions as strategy develops
MBH Corporation is a buy-in business rather than a buyout specialist.
In short, it acquires well-run companies that have a long track record of success – sometimes in some ‘unsexy’ sectors.
What management says
MBH Corporation PLC (FRA:M8H, OTCQX:MBHCF, ETR:M8H)'s (FRA:M8H) Callum Laing joins Proactive London after announcing their second acquisition in the health care sector, he says 'it's nice to be talking about deals again'.
UK home care agency provider Vista Care Solutions is the company’s fifth purchase of the year and its 17th since the start of 2020.
Laing explains that aside from Covid-19, this is a growth area following the acquisition early in 2020 of Samuel Hobson House, a care home based in Newcastle-under-Lyme.
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