Athena Care Home Group has purchased two care homes – Langdon House and Alex Wood House – in Cambridge.
Langdon House and Alex Wood House can accommodate 51 and 36 residents, respectively. The homes were previously owned by the charitable housing association and social enterprise CHS Group.
Following a confidential sales process with Joanne Mathers at Christie & Co, they were purchased by Athena Care Home Group for an undisclosed price.
CHS Group chief executive Stephen Hills said: “The decision to sell Alex Wood House and Langdon House has been extremely difficult but will allow CHS Group to focus its efforts on its core offering of social housing and services for people in need in our community. Athena Care Homes is a family-owned care provider in East Anglia which operates with similar values to our own and we are confident that they will be able to continue providing the excellent level of care currently available at both homes.”
Athena Care Home Group MD Mala Agarwal commented: “We’re delighted to welcome the residents and team at both Alex Wood House and Langdon House to the Athena Care Home family. We’re excited to be able to bring our passion for exceptional care to the Cambridge community and to build on the great work of CHS Group.”
Christie & Co director Joanne Mathers added: “We were delighted to work with CHS Group in bringing these homes to the market. Following a confidential marketing campaign, there was strong interest in the homes due to their excellent reputation in the area. Despite uncertainty over increased interest rates and rising operational costs, our experience shows there remains a strong appetite for quality care homes in the region and across the UK.”
