CareTech acquisition a Spark of Genius

Specialist care provider CareTech is to acquire Scottish childcare provider Spark of Genius for up to £9.2m, comprising £7.48m in cash and an earn-out of up to £1.75m.Under the arrangement, the senior management team at Spark will continue in their roles at CareTech. For the year ended 31 March 2015, Spark reported revenues of £10.9m…