Horizon Care & Education (“Horizon”) has completed the acquisition of Key2 Futures (“Key2”), supported by funding from Stage Capital and Clydesdale Yorkshire Bank.
Key2 is the UK’s leading independent provider of transitional services for over 200 16- to 19-year olds with complex needs. It was established in 2004 to meet the needs of young people leaving local authority care and provides much needed support and access to quality housing.
Post completion, Key2 will operate as a third division within Horizon, led by Rachel Mundy as Director of Transitional Services.
The collaborative approach will ensure that young people within Horizon’s care have further opportunities to fulfill their own aspirations and move towards independence. Working with Key2 will enable Horizon to offer the young people a clear pathway as they reach a transitional time in their lives and the ability to support their educational development through Horizon’s 7 specialist schools.
The combined provision of residential services, transitional services and education will allow Horizon to offer local authorities a nationwide service to meet the young people’s needs and improve outcomes for them.
In a joint statement, Key2 Managing Director Mark Hammond and Horizon Chief Executive Paul Callander said: “We’re delighted to announce that Key2 has become part of the Horizon Care and Education Group. This represents an exciting opportunity, which will enable us to extend our homes and services into new areas, and improve what we offer to the children and young people we’re here to help. We look forward to sharing more details about our future plans.”
Stage Partner Antoine Raoux said: “Horizon increased its residential capacity by 25% in the last year and will open a new specialist school in early 2018. The acquisition of Key2 cements our status as the growing platform in specialist children services”.
David Turner, Investment Director at Stage, commented: “The acquisition of Key2 is highly complementary to the Horizon clinical pathway, effectively doubling the number of young people in service to over 400 at any one time.