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

Car Parking Management Solutions
UK Wide

The company specialises in the provision of flexible and reliable car parking management services, ranging from self-ticketing machines, automatic number plate recognition service, pay and display and manned patrols. Having experienced considerable g...

Asking Price: Offers Invited
Turnover: £1,522,000

Cleaning Services for Soft Furnishings
South East, UK

The business provides a comprehensive cleaning service including carpets, curtains, upholstery and rugs. Additionally, the company supplies high-quality curtains and upholstery. The company has developed a strong brand image which is trademarked. The...

Asking Price: Offers Invited
Turnover: £1,721,000

Liquid Waste Disposal & Drainage Contractor
South West, UK

The company is a liquid waste disposal specialist that provides an array of services, including liquid waste disposal, drainage, high-pressure water jetting, installation of new treatment plants, CCTV surveys and drain tracing. The shareholders are o...

Asking Price: Offers Invited
Turnover: £1,197,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Oct
 

SYNETIQ acquires motor remanufacturer Motorman | BUSINESS SALE

Salvage and vehicle recycling company SYNETIQ Limited has ac...

 
17
 
Oct
 

Sealant company makes its first acquisition in Yorkshire | BUSINESS SALE

SD Sealants, a sealant and cosmetics repair business headqua...

 
16
 
Oct
 

Automotive supplier completes MBO | MBO/MBI

An automotive products supplier located in South Yorkshire h...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
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...

 
05
 
Aug
 

Superbreak and LateRooms travel businesses for sale after administrators appointed | BUSINESS SALE

The Malvern Group, parent company of LateRooms and Superbrea...

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