Croftwood Care, part of the Minster Care Group, has bought 18 Cheshire care homes from CLS Care Services.
The £25m guide price deal, which includes 683 beds, was brokered by global real estate advisor Colliers International.
CLS Group chief executive, Nick Dykes said: “We are confident that the homes will thrive under their new ownership and the deal has been concluded with the best interests of residents at heart. The Minster Care Group is a well-established and reputable care provider and this move ensures the future of the CLS homes.”
Minster Care, which previously bought 10 care homes from CLS in Wigan and Leigh in 2014, will operate the 18 homes with exiting staff and residents to ensure continuity of care and employment.
CLS Care is rebranding as Belong Ltd and focusing on expanding its Belong community village model.
Rachel McCarthy, director at Colliers International, who led the transaction, said: “We were delighted to act for CLS Care Services in the sale and assist them in their repositioning in the healthcare marketplace.
“This sale demonstrates there is still strong demand for well-performing, regional care home groups, where there are established relationships with local care commissioners, long serving staff and good reputations in the local communities.”
Minster Care is a national family run care provider with more than 80 homes.