Impact REIT snaps up Suffolk-based Cardinal Healthcare business

Tue, 17 Sep 2019 | BUSINESS SALE



Impact REIT has successfully acquired Cardinal Healthcare, a group of family-run care homes based in Suffolk, in a deal which will allow the founding shareholders to make a full exit.

Cardinal Healthcare presently boasts two residential facilities with 98 beds. The Baylham Care Centre in Great Blakenham has been awarded an Outstanding rating by the Care Quality Commission (CQC), and the Barham Care Centre near Claydon has received a Good rating during the most recent inspection.

Health and social care provider Optima Care will take over the lease of the two care homes from Impact REIT.

Managing director of Cardinal Healthcare, Adrian Fairburn, said: "Impact is a leading healthcare investor in the UK and brings the financial capability to develop the homes and ensure they are able to continue to deliver much-needed care services in the area.

"Optima Care is the ideal partner to operate the homes, with extensive experience operating care homes across the country and it is great to see the market in Suffolk being put on the map where there is an increasing demand for high quality residential and nursing homes."

The deal was supported by a number of individuals, including head of corporate finance for KPMG East Anglia, Chris Wilson, and healthcare M&A for KPMG, Tony Ball.

Wilson said: “The completion of this acquisition has delivered an excellent result for the shareholders and provided a strategic base for Impact and Optima to build a hub in East Anglia where there is a strong demand for high-quality care services.”

"We continue to see significant interest in high quality healthcare businesses and are delighted to have worked with Cardinal Healthcare on this transaction which represents our 14th successful UK healthcare M&A transaction over the last 12 months," added Ball.


Share this article



Latest Businesses for Sale

Haulage & Warehousing Services
UK Wide

Utilises a team of experienced drivers to provide tailored logistics solutions, with a focus on home delivery services, whilst also offering complementary warehouse solutions. Serves 20 active clients from a wide range of sectors, including retail, i...

Asking Price: Offers Invited
Turnover: £2,900,000

LEASEHOLD


Automotive Electrical Products & Services
UK Wide

Established for over 50 years.Provides a range of automotive electrical services including air conditioning, heating, tachographs, security systems, vehicle tracking and reversing aids for vehicle, plant and marine industries. Over 100 active clients...

Asking Price: Offers Invited
Turnover: £771,000

FREEHOLD


Freight Forwarding Services
South East, UK

Provides freight forwarding for a range of sectors, as well as warehousing and an array of other complementary services. Serves over 20 clients, with an 80% retention rate.Strong second-tier management team in place. Generates revenue on an internati...

Asking Price: Offers Invited
Turnover: £956,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
11
 
Aug
 

PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE

PPL Corporation has announced that it has put its UK utility...

 
10
 
Aug
 

Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE

Samworth Brothers has completed the £6.4 million acqui...

 
07
 
Aug
 

Wrexham-based wire firm falls into administration | ADMINISTRATION

Wire manufacturer Wrexham Wire has fallen into administratio...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
03
 
Aug
 

Byron Burger closes more than half its outlets in pre-pack deal | BUSINESS SALE

Byron Burger has been sold in a pre-pack deal that will see ...

 
15
 
Jul
 

Restaurant chain Bistrot Pierre acquired in pre-pack deal | BUSINESS SALE

Restaurant chain Bistrot Pierre has been acquired in a pre-p...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

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