Mon, 31 Jul 2017 | DIVISION SALE
International healthcare group, Bupa, is preparing to sell almost half of its care homes in a deal that is expected to come to around £450 million.
The potential buyer for the 150 care homes is the former chief executive of Priory Clinics, Chai Patel, who leads HC-One; a British healthcare management company.
The deal, currently in the advanced stages of talks, would make HC-One Britain's largest care home operator. Currently, the company has around 250 homes, about 200 of which came from the landlord of the failed Southern Cross.
HC-One generated £298 million in revenue last year, losing £4.2 million before tax. Its growing portfolio has been supported by a recent £287 million loan from Citibank, Deutsche Bank and Och-Ziff Capital Management.
Dr Patel recently shared his ambition for establishing a national brand of care homes that are akin to supermarkets:
“I can’t think of a decision in your life that is more difficult or more emotional than when you have to choose a home for your mum or your wife or your father. If you could have a set of brands that you know would be safe, then I think we could take away a lot of the suffering and the pain making those choices.”
Find Care Homes for sale
Tips on how to buy a care home
This steel fabrication company boasts a robust client base of 25 large clients, ensuring dependable revenue streams. With a strong regional reputation leading to high-profile projects and a skilled management team in place, the business is poised for...
his packaging merchant serves around 250 commercial clients across diverse sectors, enjoying strong customer loyalty with some relationships lasting 18 years. The business is known for its fast, reliable delivery service and is making strides towards...
This market-leading waste management company in the Central Belt of Scotland offers state-of-the-art skip hire and recycling services, boasting impressive client retention and long-term relationships. With a material recovery facility that recycles u...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.