Sunrise Senior Living and Gracewell Healthcare to exit UK market
Care providers Care UK and Signature Senior Lifestyle (Signature) are to acquire all Sunrise Senior Living and Gracewell Healthcare homes in the UK.
The announcement follows a decision by Sunrise Senior Living US to focus its growth and development within North America.
Signature will welcome 20 homes (18 Sunrise and 2 Gracewell) with Care UK welcoming the other 26 (7 Sunrise and 19 Gracewell) to their portfolio.
The transfer of the homes is anticipated to take place towards the end of the year.
Sunrise Senior Living and Gracewell Healthcare chief executive Dr Natalie-Jane Macdonald said: “Sunrise has been proud to serve thousands of residents over the past 20 years in the UK and to provide a great place to work for our team members.
“We are delighted to be working with two high quality providers to ensure a smooth transition process to benefit our residents, families and teams. I have every confidence that Care UK and Signature will build on our strong foundations, ensuring our homes continue to be wonderful places to live and work.”
Care UK chief executive Andrew Knight said: “The Sunrise and Gracewell homes provide an exciting addition to our portfolio and will enable us to extend our reach into new local markets and continue our mission to provide safe and stimulating environments in which residents are supported to lead fulfilling lives.”
Signature chief executive Aidan Roche added: “Adding 20 new homes to our portfolio is the latest stage of the growth story that began when we started the business in 2006 and is a testament to the hard work and dedication of the entire Signature team.”