CLEARWATER OPENS BESPOKE SERVICES

Synova Capital LLP (“Synova”) is pleased to announce the opening by portfolio company Clearwater Care (“Clearwater” or the “Group”) of seven new bespoke facilities delivering specialist residential care and supported living services for people with learning disabilities.

The new homes, predominantly located in the Greater London area, increases the capacity of the Group by almost 40%, most of which will be tailored to Service Users with conditions on the autistic spectrum.

Philip Arden, CEO of Clearwater, said: “With current occupancy levels in excess of 95% and with strong demand for our services from key commissioning bodies we are delighted to be in a position to be able to offer these additional units to our customers. With the further support of Synova we plan to deliver an additional five bespoke facilities during 2013 to meet the increasing level of demand for our services, with a particular focus on the Greater London area. We are delighted that the key commissioning bodies recognise our commitment to delivering the highest standards of care for the people we support across the Group and the investment we continue to make in training Clearwater’s dedicated and professional care team.”