Wed, 15 Sep 2021 | BUSINESS SALE
The Nottingham-based Younas Family has completed the acquisitions of three Yorkshire care homes through a £6 million investment. The acquisitions add to the family’s portfolio of more than 20 care homes nationally and include two in Sheffield and one in Birkenshaw, near Bradford.
The Sheffield care homes include the 51-bed Richmond Heights home, which cares for older residents with nursing needs, and the Norton Lees Hall and Lodge, which is registered to care for 80 older people suffering from dementia.
The Bradford acquisition sees Zenith Care, of which Tanzeel Younas is director, take over Eden Court, a 45-bed purpose-build home specialising in residential and dementia care, as well as support for over-65s.
The acquisitions come amid a period of considerable consolidation in the UK’s care home sector, driven in part by the COVID-19 pandemic, with a number of larger operators seeking to add individual care homes to their portfolios.
Discussing the family’s most recent acquisitions and its own expansion plans, Rahmeez Younas said: “It’s amazing to have completed these three transactions within the space of one working week. Our teams have done a sterling job managing the handovers so smoothly. We warmly welcome all the staff, managers and residents into our ‘care family’.”
“We remain committed to maintaining our family ethos at each individual care home even though we are now quite a substantial regional group. We are focussed on further expansion and have a few other transactions to complete in the fourth quarter of 2021.”
Bespoke Care’s Anita Allen, who acted as agent on the deals, commented: "The last 18 months has proved challenging for the UK social care sector with the COVID pandemic affecting independent single care homes, large national corporate operators and regional care groups. Investors, owners, managers and staff have all worked tirelessly and shown true resilience.”
“The Younas family remained committed to adding to its care group throughout 2020-2021 and we are delighted to have worked with them on these transactions."
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