Health and social care provider Care UK says it has rejected a takeover approach from private equity buy-out group Bridgepoint Capital.

The fully listed company, which has been expanding and is itself on the lookout for potential acquisitions, describes the approach as ‘unsolicited’ and ‘very preliminary in nature’. After discussing the offer with adviser Investec, Care UK's directors have decided to reject it.

That company shares are valued at £224 million.