North Yorkshire-based company St Cecilia’s Care Services has bought the 44-bed Queen Margaret’s Nursing Home in Scarborough.
The purchase adds to the care provider’s portfolio, which includes St Cecilia’s care home and the Eastfield House day care centre in Scarborough.
Owner Mike Padgham said: “We are absolutely delighted to welcome the former Queen Margaret’s Nursing Home into the St Cecilia’s family and are really excited about its future.
“It has lovely residents, excellent management and staff and is a very prominent, landmark building in Scarborough.
The acquisition comes after 380 care home businesses were closed between 2015 and 2016 and the number of nursing homes fell from 4,697 to 4,633 – the first decline in five years.
Mike added: “The news on care homes is currently gloomy but we believe that demand for nursing home care remains strong. People are living longer and their care needs are growing and becoming more complex.
“This addition to our company helps us to grow, enjoy the benefits of economies of scale and strengthen our operation for the future.
“We have dedicated more than 25 years to providing the best level of care that we can and look forward to extending that commitment to the nursing home, its residents, their families and to the staff team.”
St Cecilia’s care home won an award for dementia care at the Great Yorkshire and Humberside Care Awards and was a finalist in the Great British Care Home Awards.
The Queen Margaret’s purchase was completed with the support of NatWest senior relationship manager Phillipa Bagshaw, who specialises in supporting businesses within the healthcare sector.
Phillipa said: “St Cecilia’s has been providing much-needed care to a range of service users and the addition of the 44-bed nursing home will allow them to support even more people. We are delighted to support St Cecilia’s on this development and wish the business every success for the future.”