Care homes are changing hands increasingly frequently as demand from expanding and new providers continues to escalate amid rising demand.
Stay up to date with the latest mergers and acquisitions via our TCHE weekly updates:
A&S Care Group adds Kingsly House nursing home
West country-based care home group A&S Care has added a 37 resident Tetbury nursing home to its portfolio, taking its total footprint to six homes. The 35-bedroom home – Kinglsey House – had been run by the previous owner the Cotswold Nursing Home Company for 25 years.
The CQC ‘Good’ rated-home sale was handled by Christie’s and was sold for an undisclosed sum.
Physio turned care home operator acquires third south Wales home
An 11-bed dementia care home on the south coast of Wales has been acquired by Spring Meadows Care, taking the firm’s footprint in the Porthcawl area to three. Spring Meadows – owned by a physiotherapist Mani Neelamegan who has specialised in older peoples’ care – bought the home after it was put on the market for the first time in 36 years due to retirement.
Mr Neelamegan said he aims to “bring positive growth and stability” to the home built on the firm’s focus of “providing compassionate, person-centred care in a safe and homely environment.”
The CQC ‘Good’ rated-home sale was handled by Christie’s and was sold for an undisclosed sum.
