HC-One care home operator on the market

Mon, 21 May 2018 | BUSINESS SALE

HC-One, the UK’s largest care home provider, has been put up for sale with a price tag of GBP1bn.

Corporate finance firm Gleacher Shacklock has been taken on to oversee the sale, according to reports. The decision to put the firm on the market is a response to the growing appetite for these kinds of assets among investors. Recently, infrastructure funds have started to invest in the care home sector, partly due to the fact that demand is growing in line with an ageing population in the UK.

HC-One now runs some 369 registered care homes across the country and employs some 14,000 staff members.

The business has accumulated debt in the region of at least GBP500m by purchasing residences from rivals such as Meridiam Healthcare, Bupa and Helen McCardle Care. However, this has also allowed it to grow extremely quickly.

It is owned by several investors, such as Safanad, HCP, Court Cavendish and StepStone Real Estate Partners.

HC-One’s sale follows hot on the heels of the news that Care UK, which runs over 100 care homes in the UK and provides some major private services to the NHS, is also being sold.

HC-One was founded in 2011 by former Labour donor Chai Patel from the remains of the defunct Southern Cross business. Reports by the FT claim that Mr Patel is keen to retain a stake in the business.

Real estate experts said the deal could attract buyers looking to operate care homes but will also prove attractive to those simply looking for an investment opportunity whereby they buy the premises and lease them back to care home operators.


Share this article



Latest Businesses for Sale

Consulting Engineers Focused on the Built Environment
London, UK

Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.

Asking Price: £2,700,000
Turnover: £5,800,000

LEASEHOLD


Freight Brokerage Services
UK Wide

Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.

Asking Price: Offers Invited
Turnover: £420,000

RELOCATABLE


Food Manufacturer Specialising Flatbread Products
North of England, UK Wide

Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.

Asking Price: Offers Invited
Turnover: £671,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
05
 
Apr
 

CMG considers sale of specialist care business | DIVISION SALE

The owners of the Care Management Group (CMG) have engaged a...

 
31
 
Jul
 

Bupa set to sell 150 care homes in £450 million deal | DIVISION SALE

International healthcare group, Bupa, is preparing to sell a...

 
26
 
Jun
 

NHP considers business sale | BUSINESS SALE

NHP, the company behind the UK's third-largest resident...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources