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.
If you are looking for an exit, we can help!
Download the free comprehensive guide to buying a care home in the UK
See our current listings of care home businesses for sale
This is a unique opportunity to acquire a pioneering and prestigious brand in the burgeoning cold-water therapy industry, renowned for its innovation and notable partnerships with big names like Gymshark and Alpine F1.
For sale is a well-established and profitable residential care home for the elderly, located in a picturesque East Midlands village.
This leading independent domiciliary care provider in South Yorkshire offers a robust management structure and a dedicated team, ensuring high levels of client satisfaction and operational efficiency.
FREEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.