Homecare tech start-up Cera Care acquires Mears Care in £30m deal
Homecare tech start-up Cera Care has acquired social care provider Mears Care in a £30m deal.
The acquisition will boost employee numbers to 2,000 at London-based Cera, which uses artificial intelligence to predict health deteriorations and recommend actions to carers.
It also allows families to arrange, schedule and manage home care for elderly relatives.
With 20 offices across the country, it will now have the ability to deliver more than 10,000 visits a day.
Co-founded by Dr Ben Maruthappu (pictured) in 2016, Cera Care secured $17m in Series A funding in 2018 from investors including former Standard Chartered boss Peter Sands.
Maruthappu said: “Our acquisition of Mears Care gives us the opportunity to transform a traditional care service into an innovative care provider, that operates on the frontier of revolutionising social care.
“This milestone will provide us with much greater national coverage, combined with a strong network and talent-base, that takes our offering to a new level, serving many more users, and empowering many more care workers – making Cera the leader in modern and effective elderly care.
“Since our launch in 2016, we have demonstrated our commitment to improving the quality of care provided to older people. Through the development and use of pioneering new technologies, we are transforming the lives of users and front-line staff, while working with the NHS to deliver better integrated services across the country.”