News - Midlands
Orbis buys into autism business
Corporate financier Orbis Partners, based in Birmingham, has taken a significant minority stake in Homes Caring for Autism (HCA) through its investment vehicle. Richard Smith, owner and managing director of HCA, said: "Orbis has a strong focus and track record in the healthcare sector and has successfully advised and invested in a number of specialist care businesses." HCA is a group of four homes based in Somerset specialising in the residential care of young adults with complex needs arising from autism. The business was founded in 2003 and the opportunity arose to establish two further homes in Taunton, which will increase capacity to 32 service users.