Court House, a 33 bed care home in Cullompton, Devon, has been purchased by BN Care Holdings, which currently owns four homes in the region.
The home was previously owned by Marcus Lyward and Lorna Turner, who purchased it through Christie & Co in 2014. They decided to sell Court House to enable them to retire from the sector.
Following a confidential sales process with Simon Harvey at Christie & Co, Court House has been purchased by BN Care Holdings, taking the group to 171 registered beds across Exeter, East Devon, and West Dorset.
Marcus Lyward and Lorna Turner, former owners of Court House, said: “We would like to wish Wade Newmark, BN Care Holdings, and the management team and staff at Court House every success for the future.”
BN Care MD Wade Newmark said: “BN Care is incredibly fortunate to take on a home whose history, team, and reputation chime so closely with our values of kindness and community. I have owned and operated care homes for the past 18 years and will hopefully bring some of my experience to Court House to take the home forward and to build on the wonderful foundation set down by Marcus and Lorna over the years.”
Simon Harvey, senior director – care at Christie & Co, commented: “The sale of Court House is yet further evidence of the strength of the regional care home market in the South West where we continue to see appetite from buyers such as Wade and others who are looking to grow and indeed, enter the sector for the first time. As we move through 2024, despite the challenges the past 12 months have presented, the market in the region looks well set for the year ahead.”
