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.
Operates across a diverse range of sectors, with no reliance on any key client accounts. Skilled workforce with extensive expertise within the sector. Operates from leasehold premises in North East England. Offers invited
LEASEHOLD
The business for sale is a reputable MOT Centre which is currently based in Gwent. Operating since 1989, the MOT centre has been providing a professional, timely service to a whole host of car models, with services focusing on brakes, repairs and tyr...
FREEHOLD
The business for sale is a pioneer for the fire, safety and security sector. As a UK independent specialist, the company has acquired a superb reputation in the industry for its comprehensive list of services and professional expertise. Founded over...
LEASEHOLD
|
06
|
|
Dec
|
KPMG agrees to sell pensions arm | DIVISION SALE
Professional services network KPMG has announced that it has...
|
05
|
|
Dec
|
What a Labour government would mean for UK entrepreneurs | BUSINESS NEWS
Private business mergers and acquisitions expert Sue Green o...
|
05
|
|
Dec
|
MBO at Bolton-based delivery comparison firm | MBO/MBI
Bolton-based parcel delivery price comparison company Parcel...
Sign up to receive our acquisition alert emails to get your FREE guide
|
13
|
|
Nov
|
Brighton energy firm appoints administrators | ADMINISTRATION
Brighton-based utilities company Toto Energy has gone into a...
|
27
|
|
Sep
|
Administrators called in for Northern polythene manufacturing firm | ADMINISTRATION
Total Polyfilm, a manufacturer headquartered in Preston, has...
|
23
|
|
Sep
|
Thomas Cook seeking 'last-ditch' fire sale [UPDATED] | BUSINESS SALE
Thomas Cook Group is reportedly trying to piece together a l...
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