Tristone Healthcare has generated £4.8 million in social value in 2024, as revenue across the buy-and-build-and-hold investment group increases by 41%.
In the last 12 months, Tristone Healthcare’s portfolio of businesses saw the value of social impact rise through the creation of jobs, training, improving the physical and mental wellbeing of its workforce, while contributing to local causes. This comes after the investor launched a charitable foundation, with a percentage of future deal value being invested into its Tristone Community Fund.
The Tristone foundation will support local communities by promoting health and wellbeing, education and employment, while helping to create safer and thriving neighbourhoods. Grants will be awarded to grassroot charities, local community groups and the voluntary sector to create both immediate impact and a lasting legacy.
In 2024, Tristone Healthcare saw revenue rise from £30.5 million to £43 million across the Tristone community. This includes Premier Care Management, ProCare Wales, Sportfit Support Services, Juventas Services, Dimensions Care, Seaside Care Homes, Beyond Limits, Next Steps, and South West Intervention Services, with 100% of services rated as ‘outstanding’ or ‘good’.
Tristone founder and CEO, Yannis Loucopoulos, said: “It’s been another exceptional year for the Tristone community – a year that has been defined by the level of social impact generated across the group and the positive outcomes achieved for the vulnerable individuals in our care. What’s more, the growth achieved by the group has come through a desire to try and solve an industry-wide sufficiency problem and make a real difference in the sector. This has resulted in a record number of services opening across the business community to meet demand.
He added: “The passion and dedication of each and every member of our team has helped to make a significant difference to the lives of hundreds of individuals across the country, while generating considerable economic value.”
A recent report by the National Development Team for Inclusion (NDTi) showed that the small support work carried out by Beyond Limits – a Tristone Healthcare portfolio company – generated an economic value of more than £750,000, with wellbeing scores for nine individuals featured in the report increasing from an average of 2.6 to 8.3 out of 10. The report also highlighted that through the work of Beyond Limits, more than £950,000 was saved in the use of other public services for six of the nine individuals. This includes hospital, ambulance, police and justice, GP, healthcare and social care services costs over a 12 month period – equating to more than £158,000 per person.
Loucopoulos added: “The powerful fiscal, economic and social results highlighted within this report show the effectiveness of a care model that prioritises holistic wellbeing, leading to both improved quality of life for individuals and significant cost savings.”
In a year of continued expansion, Tristone’s portfolio has seen employee numbers grow from 696 to 808. In 2024, Tristone also featured in the E2E Job Creation 100, after achieving a 195% growth in employee numbers during that period. In total, the community of businesses has supported 686 people over the course of the year, up from 639. In addition, residential care capacity grew to accommodate 102 individuals; semi-independent accommodation now stands at 209; with community living services delivering care to 46 individuals.
Loucopoulos continued: “As political and economic headwinds begin to ease, 2025 will hopefully provide a more stable environment for the Tristone business community to thrive. There are still fundamental issues within the sector that will need to be addressed through collaboration between social care providers and greater investment at government level, but we’re confident the year ahead will enable the group to continue to demonstrate a significant impact – not just on the people in our care, but on the wider community.”
