NGA Care Sells Another Purpose-Built Care Home In The Midlands
Specialist Healthcare Business Broker NGA Care has completed the sale of George Hythe House Care Home and the adjoining Holmfield Dementia Day Centre on behalf of Nottingham Community Housing Association (NCHA).
The purpose-built all en suite care home is rated “Good” by the CQC and provides residential care for the elderly for up to 43 residents in a popular area in Leicester.
NCHA are a social landlord and care provider across the East Midlands, with their focus to offer care provision to those most in need. After a strategic review, it was decided that the provision of older person’s registered care homes is not a future priority for NCHA. After much consideration they have concluded that for these quality services to continue to be a success, they will be better owned and managed by a private, specialist care provider.
A spokesperson for NCHA comments, “We couldn’t have identified the right operator to purchase George Hythe House and Holmfield Day Centre without the expertise and contacts at NGA Care. Their support was essential to navigate our way through the sales process”.
Nick Greaves, Managing Director at NGA Care, who handled the sale adds, “The quality of the care home asset and the provision of care that the staff are providing is second to none, so I had to identify suitable buyers who could safeguard the financial future of the business. I am pleased to have sold the business to regional operators S5 Care Limited, who have recognised the brilliant opportunity and potential George Hythe House and Holmfield has to offer.”
Mr Raja, Director at S5 Care Ltd comments, “We are determined to make sure that the business becomes financially sustainable and stable in the near future, whilst maintaining the very best standards of care.” He adds “NGA care has been extremely helpful and professional from start to finish. Their communication and level of expertise assisted both sides to complete the deal smoothly."
The successful conclusion of this deal is one of many that NGA Care are due to announce in the coming weeks. The market is very active and we urgently require care homes in all areas for waiting buyers. Please call Nick Greaves in confidence on 07943 107 887 to discuss your next move.