CareTech gets regulatory nod to acquire Cambian

CareTech confirmed Friday the Competition and Markets Authority had unconditionally cleared the company's acquisition of Cambian.

The transaction was completed on 19 October 2018.

'We are delighted by the CMA's decision and would like to place on record our appreciation to all involved during the CMA process particularly the executive teams at CareTech and Cambian. We will now move forward with the integration, creating value for all our stakeholders through the highest quality service offerings and significant synergies,' said Farouq Sheikh, Executive Chairman of CareTech.

At 10:00am: (LON:CTH) CareTech Holdings PLC share price was -0.5p at 342.5p