Amanat's UK subsidiary buys complex-care firm Cornerstone for £76M
What's the deal? Amanat Holdings has acquired UK-based Cornerstone Healthcare Holdings through its wholly owned subsidiary Cambridge Health Group (CHG)Dealroom has a profile for this one. Try Dealroom →, the company announced. The all-equity deal, completed October 27, 2026, carries a potential enterprise value of £76 million (about US$97.2M).
The terms: After adjustments for net debt and working capital, the initial purchase consideration is £54 million, rising to as much as £59 million if performance targets are met. A further £5 million in deferred consideration is contingent on hitting specified goals.
Cornerstone provides complex healthcare services funded by the UK's National Health Service (NHS)Dealroom has a profile for this one. Try Dealroom → and local authorities, operating in what Amanat called an undersupplied, high-demand segment. The sellers were funds managed by UK private equity firm Ignite Growth LLPDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The deal gives CHG its first UK foothold, complementing the group's existing post-acute care business. Amanat expects the acquisition to contribute positively to its results from 2027, without affecting shareholders' equity or share capital.
Why now? The move is a concrete step in Amanat's July strategy to invest roughly US$383.7M over three years, targeting a return on equity of at least 10%. It extends the group's reach beyond its Gulf base for the first time.
The signal: UK healthcare-services dealmaking is active — Grant ThorntonDealroom has a profile for this one. Try Dealroom → logged 114 sector transactions in Q1 2026, up 37% year on year — though care-home consolidation has drawn regulatory scrutiny. For Amanat, this is a strategic broadening into a specialist, publicly funded niche rather than a sector-defining deal; returns and integration will test whether the expansion pays off.
Read more: argaam.com
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