Thu, 13 Mar 2025 | BUSINESS SALE
A Yorkshire-based care home company has acquired a property in Bradford from Priory Group as it looks to double in size.
Strong Life Care, which has its headquarters in Wakefield, has acquired Cooper House for a seven-figure sum, funded by NatWest.
Cooper House is a purpose-built property with 80 en-suite bedrooms with wet rooms offering nursing, residential, dementia and respite care since its launch in 2009. It employs 140 staff.
It is Strong Life’s eighth care home in a growing portfolio. Last year, the company acquired sites in Armthorpe in South Yorkshire, Ferryhill in Co Durham and Hessle in East Yorkshire.
Strong Life was founded by Harpreet Banwait, who left a corporate finance career to look after his elderly grandfather in 2010. He bought a care home in Barnsley to place his grandfather and has grown Strong Life into a group employing 560 people.
Harpreet said he is in negotiations for further acquisitions in the north east as well as in the north west, where he is looking to establish a presence for Strong Life.
The group currently has 500 beds across its portfolio and Harpreet said he is looking to double its size over the next 12 to 18 months.
Specialist business property adviser Montane Care brokered the deal on behalf of Priory Group.
Montane Care director Anthony Rae said: “We generated strong interest from multiple acquirers and it was a pleasure to achieve a quick sale by selecting an existing operator with proven funding. "
“The demand for care homes remains strong and we continue to receive interest from companies and individuals seeking to acquire in the sector. Our proven ability to act swiftly and target the right buyers puts us in a strong position as we continue to grow our pipeline of transactions.”
Harpreet’s family charity, The Banwait Family Foundation, gives a percentage of profits from Strong Life’s care home operations to good causes at a local, regional, national and international level, including earmarking funds to support staff welfare and residents’ welfare funds.
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