Global investor RD Capital Partners has bought Kings Bromley Nursing Home in Staffordshire in a seven figure deal.
The 55 bed facility was bought from Embrace Care Group in a leveraged buyout financed by Allied Irish Bank (GB).
Sameer Rizvi, managing partner of RD Capital Partners LLP, said: “As an investment firm, our main focus is buying out and managing care homes and nursing homes across the UK. The UK has a robust care sector and arguably the world’s best investment landscape, which is supported by very favourable demographics and excellent service providers (lawyers, accountants, brokers and bankers). Over the next decade or so, we see a number of investment opportunities that will allow us to provide top returns for RDCP partners and investors.
“We are very pleased that our acquisition of Kings Bromley Nursing Home has been a success. This is precisely the type of care home we look for: ‘good’ CQC rating, stellar financial performance, largely purpose-built and run by a top management team.
“This deal would not have been possible without David Booth’s unwavering support. This is also the first time we have worked with David and Allied Irish Bank (GB) and we have been very pleased with the competitiveness of the funding offer. David has worked alongside us brilliantly and we look forward to continuing our relationship with him in the future.”
Kings Bromley Nursing Home provides specialist residential, nursing, palliative, dementia and physical disability care for older people.
Established in July 2015 by Sameer Rizvi and Iryna Dubylovska, RDCP Care is the care home management arm and subsidiary of London based investment firm RD Capital Partners LLP. Kings Bromley marks the company’s first nursing home acquisition of 2017, with a deal pipeline to acquire at least two further care homes this year.