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Mitie Group disposes of Healthcare business

01 March 2017 07:15

Mitie Group has disposed of its UK social care division, comprising the domiciliary care and homecare businesses, Enara Group Ltd and Complete Care Holdings Ltd, to Apposite Capital LLP for £2 cash.

In addition, Mitie would contribute £9.45m to the funding of trading losses and the cost of the turnaround plan. This would be paid in two tranches with the first (£5.4m) on April 1 and the second (£4.05m) on July 1.

Story provided by StockMarketWire.com

Related Company: MTO

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