Dorset care operator acquires second home
Leading business property advisor and care home specialist, Christie & Co are delighted to announce the sale of Riverside Nursing Home in Sherborne on behalf of Mr Farhad Pardhan, which has been sold to existing operators in the county.
Riverside occupies a convenient location on the outskirts of the popular Dorset town of Sherborne and is a long-established business having been in the present hands for over 20 years. The home is registered for 39 clients in 34 bedrooms; the majority of which have en suite facilities.
The new owners are experienced operators in the county and currently run an “Outstanding” rated home. They saw Riverside as an excellent opportunity to acquire a well-established business where both operational and geographical synergies exist.
Commenting on the sale, Simon Harvey a Director in Christie & Co’s South West Healthcare team said, “We were delighted to have assisted the outgoing owner in their exit and at the same time wish the buyers well for the future. This is yet another transaction in the South West which demonstrates the appetite that exists for well positioned, profitable and well-run care homes across the region and as we head towards the end of the year, this appetite shows no sign of slowing up.”
The sellers were represented by Royds Withy King in Bath and the buyers by DMH Stallard with funding secured through Arbuthnot Latham.”
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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