Care business agent DC Care has completed the sale of Queen Margaret’s Nursing Home in Scarborough on behalf of operator Hawkfish Ltd.
The property was rated ‘requires improvement’ in its last inspection by the CQC in October.
New owners Mike and Melanie Padgham run a residential care home in Scarborough. Mike also chairs the United Kingdom Homecare Association and Independent Care Group (York and North Yorkshire).
DC Care’s regional director, Alison Willoughby who oversaw the sale, said: “I am absolutely delighted to have been able to be a part of this sale. Queen Margaret’s is an iconic building, being very hard to miss in Scarborough.
“To know it will continue to serve the local population and provide continuity of care is heart-warming. My client had very particular views on the ideal next owner for his care business; someone with empathy, passion and drive.
“ I think we’ve delivered on all fronts and I know my client will now be taking the opportunity of enjoying a well-earned retirement. Mike and Melanie Padgham have lots of ideas on ensuring the future of Queen Margaret’s and I look forward to seeing them come to fruition.”
Phillipa Bagshaw, healthcare specialist senior relationship manager at NatWest Bank, who funded the sale, said: “We are delighted to assist Mike and Melanie on their acquisition and wish them every success for the future.”