National care home operator Potens has expanded into the south west after acquiring Bourne Bridge House (main picture) and Woodside Farmhouse (below) care homes.
The two care homes, based in South Molton, Devon and St Austell, Cornwall respectively, mark the third acquisition in recent months for the company, which is keen to build its brand of learning disability homes in the South West.
Jonathan Southgate, care business agent at Christie & Co, which managed the sale, said: “This sale marks a milestone for Potens’ business development in the south west and both the buyer and seller are delighted with the result.
“The transactional care market remains strong in the region with a particular focus on specialist businesses. There is high competition for sites from a number of independent and corporate companies which are looking to acquire.”
Southgate expects more properties to come on the market given the likelihood of a sale. “Now is a good time to consider selling as well-traded learning disability homes are urgently needed on the market to meet buyer demand.”
Potens, which has over 50 sites in England, Wales and Northern Ireland, has been operating since 1989. Glencoyne, Pendle and Pendleton Care have all become part of the group through acquisition over the year