Civitas Investment Management has announced an investment of £200 million to acquire a portfolio of specialist care properties from CareTech. The portfolio comprises a mix of specialist schools and children’s homes.

Civitas is the largest investor into specialist care in the UK, with over £3.5bn under management dedicated to investing exclusively into specialist community healthcare and social infrastructure in the UK and Europe.

CareTech is a leading provider of specialist social care services supporting around 5,000 adults and children with a wide range of complex needs in more than 550 schools, residential services, hospitals and day centres. CareTech employs more than 11,000 staff in the UK and internationally and has an emerging presence in digital technologies.

Tom Pridmore, Group Director of Civitas, said: “We are very impressed by the quality of the CareTech portfolio, and we’re pleased to partner with one of the leading care providers in the UK in this landmark transaction. Despite the difficult economic backdrop this year, Civitas has continued to invest across the specialist care sector, based on the strong fundamentals and long-term demand for high quality specialist care properties in the UK and Europe.”

Farouq Sheikh, Co-founder and Executive Chairman of CareTech, added: “We are pleased to partner with Civitas, whom we recognise as being one of the leading investors in the specialist social care sector. This transaction comprises a small proportion of our £1bn freehold asset portfolio and forms part of our overall strategy which will allow us to continue our growth trajectory in the UK, in digital technologies and international markets.”