Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Impact REIT snaps up Suffolk-based Cardinal Healthcare business

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

Landscaping Business
West Midlands, UK

Provides expert soft and hard landscaping and groundwork services for commercial clients throughout England and Wales. Maintains a dedication to completing all projects on time and within budget. Has established an excellent reputation in its sector.

Asking Price: Offers Invited
Turnover: £1,900,000

FREEHOLD


Domiciliary Care Business
UK Wide

This is a rare opportunity to purchase a high quality, well established domiciliary care business which has been trading extremely well.

Asking Price: Offers Invited
Turnover: £650,000

LEASEHOLD


Manned Guarding, CCTV & Security Services
UK Wide

Profitable. Debt-free. 55+ customers. Accreditation. Well located. Repeat business (70%+). Relocatable/New lease/Freehold options. Blue-chip customer base. Offers Invited.

Asking Price: Offers Invited
Turnover: £6,000,000

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
27
 
Jun
 

Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION

Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

 
23
 
Jun
 

Auto Trader completes acquisition of Autorama at nearly 16x gross profits | BUSINESS SALE

Auto Trader has completed the acquisition of new vehicle lea...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
10
 
Mar
 

£32m turnover Angus Steakhouse appeals to landlords with administration looming | ADMINISTRATION

London’s popular Angus Steakhouse chain has appealed t...

 
21
 
Jan
 

ProCook considering sale as it undertakes strategic review | BUSINESS NEWS

Kitchenware retailer ProCook is to undertake a strategic rev...

 
09
 
Dec
 

Administrators seek buyer for garden machinery firm | ADMINISTRATION

Shropshire-based garden machinery company Oakley’s has...

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

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.