Prestige Nursing Ltd buys Scottish homecare provider
Scottish homecare provider Elite Care (Scotland) Ltd has been bought by a UK-wide nursing and care agency.
Prestige Nursing Ltd acquired Elite Care's entire issued share capital for an undisclosed sum.
Originally established in St Andrews in 1984, Elite has regional offices in Dundee and Crieff and employs 170 people.
Prestige said the takeover would have "no impact" on Elite's employees, all of whom will be moving to the agency.
The Elite brand operates in several areas of Scotland, including Perth and Kinross, Fife and Dundee.
The company was sold following the retirement of its existing owners.
Prestige managing director Jonathan Bruce said: "We are delighted to have reached agreement with the shareholders of Elite Care (Scotland) Ltd for the sale of their business, and are very much looking forward to working with their clients and staff alike.
"Prestige, like Elite, prides itself on the quality of its care, which is why the fit between the two businesses was so good.
"The acquisition also allows us to increase our share of the Scottish care market while reinforcing our strategy of acquiring well-diversified, high quality mid-market care providers."