Christie & Co completes on the sale of new UK care market entrant
Leading business transfer agent and care home specialist, Christie & Co is pleased to announce the sale of St George's Nursing Home, a purpose-built facility registered for 66, located in Weston-Super-Mare, North Somerset.
The 60-bed home was built and opened in 2012 to provide care for older people as well as delivering specialist dementia care. The home has been sold by Dr Martin Wyatt who owns and operates another facility; Annabel House in Weston-Super-Mare, and his intention is to focus on running this business moving forward.
St George's Nursing Home has been purchased by Allegra Care, part of DGS Capital Partners group of companies, and sister company to the London focussed assisted living business, Amicala. Helen Jones, CEO of Allegra Care commented, “We are delighted to welcome the St George’s team into ours. The home is beautiful, and we will be working hard with the excellent team in place to deliver outstanding care and support for our current and future residents and families.”
“St George’s represents our first home, and we are actively looking now to grow our group with similar high-quality homes and groups. We have a strong leadership team in place and are hugely excited to get started. We really appreciate the support of Simon Harvey at Christie & Co throughout the acquisition and look forward to working with Christies to acquire more wonderful homes”.
Heather Jones, Head of Business Services and Commercial Property at Wards Solicitors LLP, acting on behalf of Dr Wyatt commented, “This was an interesting transaction with a positive and collaborative approach from both parties. We are delighted with the successful outcome for the client.”
Simon Harvey, Director at Christie & Co’s Exeter office who handled the sale commented, “We were delighted to have assisted Allegra in making their first acquisition in the care sector and wish them every success for the future. The marketing of St George’s produced excellent levels of interest from a wide range of buyers with multiple bids having been received. This transaction is yet further evidence of the demand that exists across the South West, for high-quality purpose-built assets. As the year draws to a close, activity remains positive with numerous ongoing transactions suggesting that deal volumes will be maintained into next year.”
For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
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