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Allegra Care completes Somerset care home acquisition

St George’s Nursing Home

Allegra Care has acquired St George’s Nursing Home in Weston-Super-Mare in a seven figure funding package structured by Allied Irish Bank (GB).

Having opened in 2012, St. George’s Nursing Home is a purpose-built, 66-bed home providing elderly care with nursing and day care.

The two-storey home includes a central garden, a cinema room, hairdressing salon and nail bar, reading room, and several other lounge areas.

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Helen Jones, CEO at Allegra Care, said: “I am delighted to complete our first acquisition and would like to thank Denis and Ben at Allied Irish Bank (GB) for providing the funding which has helped us to get started and grow our business. St George’s Nursing Home is a beautiful home and we are absolutely delighted to work with all our new colleagues.”

Allegra Care is part of DGS Capital Partners group of companies and sister company to the Assisted Living business Amicala. St George’s Nursing Home is the company’s first acquisition following its start-up in 2018.

Helen added: “We already have plans to provide additional services with the provision of specialist dementia care.  We will also be incorporating wellbeing strategies as part of the DGS group’s fundamental commitment to wellbeing. In addition, we have already commenced the development strategies for our site colleagues, building on the existing capability to provide personal and career growth for team members.”

Legal support for the transaction was provided by EMW Law LLP to Allied Irish Bank (GB). Banking facilities were provided by Denis Knockton and Ben Littlefield at Allied Irish Bank (GB).

Tags : Acquisition
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The author Lee Peart

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