Leicester based residential care group sold to Kirklands Care Ltd
Specialist business property adviser, Christie & Co, is delighted to announce the sale of Hicare Ltd, a residential care home operator based in Leicester.
Hicare Ltd, which comprises the residential care homes Spencefield Grange and Meadow's Court, was founded in 1989 by Leicester businessman, Mr Satnam Nanuwa, in conjunction with his wife Sukhjit. After 30 successful years in the care sector, the Nanuwa family decided to retire and sell the company.
Managing Director, Mr Satnam Nanuwa, comments, “Hicare Ltd has been the biggest part of our lives, and our main priority, for many years. My wife, Sukhjit, and my two daughters, Rupinder and Surinder, have worked extremely hard to build the company and establish successful care homes. The decision to sell the homes was not taken lightly. My wife and I need to prioritise our health, and so the time has come to retire. We all wish the new owners of Spencefield Grange and Meadow’s Court all the success for the future.”
The Nanuwa family appointed Christie & Co to find a new business owner who shares the same principles and family values as theirs, so that they can build on what the company has already achieved.
Hicare Ltd has been purchased by experienced and expanding operator, Kirklands Care Ltd.
Lee Howard, Regional Director at Christie & Co, comments, “It has been a pleasure to deal with Hicare, which is a highly reputable family business, and we are delighted to have found a suitable buyer during these challenging times.”
Hicare Ltd was sold at an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Lee Howard, Director
P: 07764 241 339 or E: lee.howard@christie.com
