Growing regional operator Fidelia Care has bought a 34 bed residential care home in Cheltenham.
Charlton Kings Care Home was sold by specialist business property advisor, Christie & Co.
Jonathan Southgate, business agent at Christie & Co’s Bristol office who handled the sale said: “There was a high amount of interest and several bids on this care home mainly from independent local and regional parties. The sector is still going from strength to strength and follows many other successful sales we’ve seen this year in the south west of England.
“Fidelia Care is looking to invest in this home and develop it to a high standard. We wish them all the best for their new venture.”
Charlton Kings Care Home, which was previously owned by a local business man, is located in one of the most affluent areas of Cheltenham. The home was rated good on its last inspection in December 2015.
It is the second purchase by Fidelia Care after its acquisition of the Lypiatt Lodge nursing home in Cheltenham, which it bought through Christie & Co in 2015.
Lypiatt Lodge is a 31 room home providing nursing and care for people living with dementia.
Fidelia was set up by Calum Barclay and Ashley Jones in 2013.