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Outsourcer sells home healthcare arm for £2
Thursday 09 Mar 2017 Author: Tom Sieber

A toxic mix of looming banking covenants, broker downgrades and accounting failures continues to dog outsourcer and energy services business Mitie (MTO). The company has just agreed to sell its loss-making home healthcare business – encompassing the Enara and Complete Care franchises – to private equity firm Apposite Capital for a nominal £2. Enara alone was bought for £111m five years ago. (TS)

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