Encore enters £250m partnership with Welltower

David Hines (Chief Executive Officer Encore) Izzy Nicholls (Operations.._

Encore Care Homes has announced a £250m strategic development partnership with US healthcare REIT, Welltower.

The partnership gives Welltower the exclusive option to acquire £250m of Encore’s future developments and will enable the operator to design and construct purpose-built care homes in the south of England.

Izzy Nicholls, operations and quality director of Encore, said: “We are really proud of the difference that this partnership will make by easing pressures on the current need for care homes in England. Due to people living longer, the demand for care homes continues to grow and we hope to contribute and help tackle this problem by continuing to design and build care homes across the south.

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“The care homes, which Welltower may acquire in the future, will continue to operate under the Encore brand and will allow the company to grow; therefore, creating new jobs and opportunities for those in the local community.

“We have seen how effective building strong, innovative partnerships with healthcare experts can be to ensure we remain at the forefront of the latest industry advancements, such as our pre-existing partnership with the NHS. This new partnership therefore combines Welltower’s global scale and expertise with our regional knowledge and development experience to create a new approach to care home development.”

Encore Care Homes manages three care homes in Dorset and Hampshire: Hamble Heights in Fareham; Fairmile Grange on the grounds of Christchurch Hospital; and Great Oaks in Bournemouth opened in June this year.

Tags : InvestmentREITWelltower

The author Lee Peart

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