Hampshire provider Sentinel snapped up by Allegra Care, Moorfield
Hampshire provider Sentinel Healthcare has been acquired by operator Allegra Care and real estate fund manager Moorfield.
Sentinel Healthcare owns a portfolio of five operational nursing homes providing 200 beds located across the county.
The New Forest, Dunwood Manor, Waverley Lodge and Cedar Lawn homes are focused on nursing care and the Fordingbridge home is focused on providing dementia care.
This is the first acquisition following the establishment of the partnership between Allegra Care and Moorfield last year, which aims to create an initial £125m care home portfolio in demographically attractive locations across central and southern England.
The partnership will seek to acquire exisiting operational assets, including those offering asset management potential such as the Sentinel Healthcare acquisition, together with newly developed homes.
“Sentinel’s well-earned long track record of compliant service and commitment to resident care make them an excellent addition to our portfolio. We warmly welcome the Sentinel team into Allegra and turn our immediate attention to integrating the homes into the Allegra model,” said Allegra chief executive Helen Jones.
Allegra and Moorfield were advised by CBRE, BCLP and Menzies, while Sentinel Healthcare was advised by Savills, Royds Withy King and Hazlewoods.
The acquisition was supported by Allied Irish Bank as debt provider.