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Cambian Group says CareTech eyes $536 million takeover offer


(Reuters) - British social care services firm Cambian Group Plc has received a takeover approach from rival CareTech Holdings Plc that valued Cambian at 405.2 million pounds ($536.2 million), as CareTech aims to bolster its child care business.CareTech focuses on specialist care and housing support services for adults with learning and physical disabilities, and the proposed acquisition would help it expand its presence in specialist education and behavioural health services for children.Cambian said on Tuesday the preliminary proposal amounted to 220 pence per share for the company in cash ...

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First Published: Tue, July 10 2018. 12:36 IST