Q1 2020 Care Home Sales Round-up

Whilst M&A within the care home sector got off to a solid start in early 2020, COVID-19 significantly reduced activity in the latter part of the quarter. A summary of the key deals is as follows:

Care Home Business Sales

• Acacia Training's acquisition of Samuel Hobson House, the Staffordshire-based dementia care home (article link)

• Avante Care and Support's acquisition of Canterbury-based nursing and dementia care home, Chaucer House (article link)

• Burlington Care's acquisition of four care homes across Yorkshire and the East Midlands from Orchard Care Homes (article link)

• Hartford Care's acquisition of Hampshire-based residential care home, Belford House (article link)

• Healthcare Homes Group's acquisition of two Norfolk-based nursing homes, Saxingham Nethergate and Walcot Hall Nursing Home (article link)

• Inspire Scotland's acquisition of Gladstone Child Care, the provider of residential children's services (article link)

• Jasmine Healthcare's acquisition of Nightingale Care Home in Nottinghamshire from Midland Healthcare (article link)

• Moorland Healthcare's acquisition of Harewood Park Care Home in Staffordshire, a provider of specialist residential care to young adults with mental illness, learning disabilities or acquired brain injuries (article link)

• Mr Lakhvendar Sohal's acquisition of Milton House Nursing and Residential Home in Skipton (article link)

• Rose Care Group's acquisitions of Wolborough Court and St Benets Court in Newton Abbot, Greycliffe Manor in Torquay and Bishopsteignton House in Teignmouth (article link)

Sale and Leaseback Transactions

• Impact Healthcare REIT's acquisition of nine Scottish care homes from Holmes Care Group for a value of £47.5m (article link)

• Impact Healthcare REIT's acquisition of three care homes in Bradford from Victorguard for £7.5m, which will be operated by Silverline Care post completion (article link)

• Aedifica's acquisition of five purpose built care homes from Maria Mallaband Care Group and Bondcare Group for £61m (article link).