Thu, 10 Jun 2021 | BUSINESS SALE
A former care home in Hampshire has been purchased by specialist care operator Bramley Health for an undisclosed price.
Based in Horndean, the former Fieldgate House nursing home - which was registered to house 29 service users - closed in September 2020 after the owning company Extraservice Ltd went into administration.
After falling into administration, Extraservice Ltd appointed Quantuma Advisory Ltd to assist with the process and instructed property experts Christie & Co to market the 25-bed residential home. Following an initial marketing campaign, the site received significant interest including a number of offers above asking price.
Commenting on the sale of the business, Charles Phillips, Director at Christie & Co who was responsible for handling the sale, stated that he was pleased with the level of interest the business had received.
"We were delighted to act on behalf of Quantuma Advisory and we're very pleased with the high level of interest and multiple offers received for this property," he said. "We are confident that Bramley Health will do very well with its new purchase and look forward to seeing its success."
Bramley Health’s Chairman Gordon Phillips added that the healthcare firm was pleased to be expanding and hopes to reopen the property in the future.
"This is an ideal purchase for our company," he said. "We are a specialist Health and Social Care provider based in the South of England, and our key focus is to support individuals with complex and challenging needs to maximise their independence and to live a meaningful and fulfilling life. After some internal alterations, we plan to reopen the property as a specialist care facility."
Read more about M&A in the care home sector.
Find businesses for sale here.
If you are looking for an exit, we can help!
Utilises state-of-the-art equipment in order to provide specialist healthcare and diagnostic services. Benefits from high levels of in-house expertise, with a strong second-tier management team in place. Received a CQC rating of ‘Good’.
LEASEHOLD
Provides transport assessments for clients nationwide before sourcing and adapting a vehicle for their specific needs.
LEASEHOLD
Supplies high-quality laboratory equipment, as well as offering a range of complementary services for clients throughout the UK and internationally.
LEASEHOLD
|
16
|
|
Jun
|
Competition watchdog approves sale of Asda petrol stations | DIVISION SALE
The UK competition regulator has accepted an offer from pros...
|
16
|
|
Jun
|
Tenzing portfolio company makes fourth acquisition in eight months | BUSINESS SALE
Outsourced payroll services company Online Payrolls has been...
|
15
|
|
Jun
|
UK events firm and promoter acquired as industry sets sights on reopening | BUSINESS SALE
German firm DEAG has purchased a 90 per cent majority stake ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources