RBS funds Surrey care home acquisition
Zion Care Group has completed the acquisition of Glen Arun care home in Horsham, Surrey in a deal funded by the Royal Bank of Scotland. Glen Arun, which has 35 single rooms and 10 en suites, provides...
View ArticleChristie & Co finds new owners for Gloucester care home
Specialist business property adviser Christie & Co has completed the sale of Cavendish Care Home in Gloucester. The home, which has been owned and operated by the Rigby family since the late 1980s,...
View ArticleChristie Finance introduces new brokerage service
Christie Finance has announced a new brokerage service for its clients, Christie Finance Unsecured. The new service is designed to help business owners and buyers source unsecured finance quickly to...
View ArticleChristie & Co sells Chepstow care home
Specialist business property adviser Christie & Co has sold Castle Court Residential Home in Chepstow, South Wales to first time entrants to the care market. Castle Court is a four-floor period...
View ArticleFund invests in £15.75m Knebworth home
AXA Investment Managers – Real Assets has announced its £15.75m acquisition of Knebworth Care Home in Hertfordshire. The deal was completed on a sale and leaseback agreement over a 30-year period with...
View ArticleAEW UK REIT announces £10.3m care home deal
AEW UK Long Lease REIT has announced the acquisition of two residential care homes in the West Midlands and East Riding for £10.3m. Lyndon Croft Care Centre in Solihull was acquired for £6.2m along...
View ArticleLXi REIT announces £30.3m care home acquisition
LXi REIT has announced a £30.3m acquisition of care home and supported living properties. The deals consist of £28.5m on the purchase of five purpose-built care homes in Leicestershire and Lincolnshire...
View ArticleBREAKING NEWS: CMA investigates HC-One’s Bupa care home acquisition
The Competition and Markets Authority (CMA) has announced it is investigating whether HC-One’s acquisition of 122 Bupa care home represents an anti-competitive merger. A public consultation was...
View ArticleAdvinia Health Care acquires 22 Bupa care homes
Advinia Health Care has announced the acquisition of 22 Bupa care homes. The deal follows Bupa’s agreement earlier this year to sell 122 care homes to HC-One (see BREAKING NEWS: HC-One agrees to buy...
View ArticleChurch Farm Care acquires fourth home
Church Farm Care has announced the purchase of its fourth nursing home in Cotgrave, Nottinghamshire. The dementia and nursing care provider is investing £2.5m in expanding the existing care facility...
View ArticleEXCLUSIVE: Runwood dismisses ‘fake news’ sale rumours
Runwood Homes Managing Director Logan Logeswaran has firmly rebutted a report by Property Week last week which claimed that the care provider had been put up for sale. Property Week reported on Friday...
View ArticleBarclays finances NCC care home acquisitions
The Nottingham-based National Care Consortium (NCC) has purchased two care homes with the financial support of Barclays. The Hull and Driffield homes will provide care for 96 customers. Tanzeel Younas,...
View ArticleFormer Lifestyle Care homes transferred to new tenants
New tenants have been found for 22 care homes formerly run by Lifestyle Care. The homes, which went into administration in 2011, have been transferred to Maria Mallaband Group (10), Bondcare group (9)...
View ArticleFour Seasons agrees sale of troubled care home
Four Seasons Healthcare has agreed to sell Millbrow Care Home in Widnes to Halton Borough Council. The deal, which is subject to regulatory approval from the CQC, was reached following Four Seasons’...
View ArticleTarget Healthcare makes £31m care home acquisitions
Target Healthcare REIT has announced the £31m acquisition of three care homes, in Hertfordshire, York and the Wirral. The 64-bed Hertfordshire home, which is being purchased for around £20m, will...
View ArticleBREAKING NEWS: Four Seasons edges closer to rescue deal
Leading care home provider Four Seasons has said talks on a restructuring deal with its leading creditors have made progress. An announcement of an agreement with leading creditor H/2 Capital over a...
View ArticleCMA gives green light for HC-One’s Bupa deal
Clearance for HC-One’s acquisition of 122 Bupa care home has granted by the Competition and Markets Authority (CMA). The announcement follows the completion of the CMA’s investigation into whether...
View ArticleCQC welcomes Four Seasons standstill agreement
A standstill agreement struck between Four Seasons and leading creditor H/2 Capital has been welcomed by the CQC. The deal announced yesterday allows time to agree a restructuring framework for the...
View ArticleHallmark buys Welsh care home
Hallmark Care Homes has bought Ty Porth, a former Embrace Group care home in Rhondda Cynon Taf, South Wales. The sale of the 80-bed home was handled by specialist business property adviser Christie...
View ArticleBupa transfers 110 care homes to HC-One
Bupa has announced the transfer of 110 of the 122 care homes it has agreed to sell to HC-One. The move is part of a £300m deal agreed earlier this year (see BREAKING NEWS: HC-One agrees to buy 122 Bupa...
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