Woodhayes nursing home in Exeter has been sold to family-run Stonehaven Care Group, one of the largest care home operators in Devon.
Following a sales process managed by Christie & Co, the home - a Grade II listed, Victorian property - was sold for an undisclosed price.
Previously owned and operated by registered charity, Brendoncare, Woodhayes was put up for sale following a strategic review by the charity, when the decision was taken to sell the home and focus on other Brendoncare homes closer to the charity’s Hampshire headquarters.
Marianne Wanstall, Brendoncare CEO, said: “It has been our good fortune to have Woodhayes as part of the Brendoncare family for so long, and we are grateful to every resident, relative, colleague, volunteer, and friend who has made Woodhayes the very special place it is. The entire staff team has transferred with the sale, providing continuity and reassurance for all residents. We are delighted that they have a bright future ahead with the Stonehaven Care Group and wish them every success.”
Nick Connors, Stonehaven Care Group MD, commented: “We are delighted to welcome the care team and residents at Woodhayes to Stonehaven. The addition of the home extends our care offering in Exeter to include nursing care and we look forward to working with everybody over the coming months to integrate the home into the group as we continue to grow the company beyond our current 11 care homes in Devon and Cornwall.”
Simon Harvey, senior director at Christie & Co, added: “Rarely do care homes of this nature in such a sought-after location become available and, as a result, we were able to generate very high levels of interest. We are delighted to have assisted Brendoncare in executing their strategy while, at the same time, enabling Stonehaven to continue their commitment to the care sector and in Exeter in particular. I wish them every success with the future of the home.
“Appetite from a wide range of buyers for good quality care homes remains strong in Devon. The county has recovered well from the pandemic and, although challenges remain, operationally it is proving to be a strong area and as such is attracting inward investment from new entrants and operators as well as those in the area seeking to grow, as was the case with this transaction.”