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Selling a care home business: key points to consider

Tom Lumsden, a partner at CooperBurnett LLP, considers the amount of paperwork required when selling a care home

Selling a care home business, whether by way of a sale of the business as a going concern via a sale of the shares of an existing care home company, or a sale of just the assets, is a major undertaking. Clients who have not sold a business before are often quite surprised and sometimes overwhelmed by the amount of work needed for the sale to proceed smoothly. 

There are many ways in which prudent sellers considering an exit can facilitate the process. The first important step is to involve solicitors and accountants at the earliest possible stage. This will allow the owner to decide how best to structure the sale, taking account of tax advice (which is crucial), and allowing their solicitors to collate and prepare any necessary documentation. 

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Upcoming Events

Care Roadshows - Glasgow

Hampden Park Stadium, Glasgow
16th April 2024

Care Show London

ExCel, London
24 April 2024 - 25 April 2024

Future of Care Leaders Conference

The King’s Fund, London
Tuesday 30th April 2024

Care Roadshows - Liverpool

Aintree Racecourse, Liverpool
14th May 2024

Care Roadshows - Birmingham

Villa Park Stadium, Birmingham
16th May 2024

Care Home Awards

Royal Garden Hotel, London, W8 4PT
17th May 2024

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