Morgan Sindall Investments Limited acquired the remaining 50% stake in Morgan Ashley Care Developments LLP from Ashley House plc (AIM:ASH) for £2 million on October 21, 2019. Under the transaction, the £2 consideration is payable in cash, £0.5 million of which is to be deferred and expected to be received in instalments over the next twelve months including £0.2 million which is dependent on the monies being generated from a particular scheme. Twelve staff members will transfer to Morgan Sindall under TUPE and the central management function of Ashley House is being restructured to be appropriate going forward, resulting in cost savings. The proceeds of the transaction will be deployed within key areas of focus and used to support Ashley House's working capital requirements. Adrian Hadden, James Sinclair-Ford, and Darshan Patel of WH Ireland Ltd acted as financial advisor and broker to Ashley House plc. Morgan Sindall Investments Limited completed the acquisition of the remaining 50% stake in Morgan Ashley Care Developments LLP from Ashley House plc (AIM:ASH) on October 21, 2019.