Knight Frank advises on Helen McArdle Care sale to HC-One

Helena McArdle

Global property adviser Knight Frank has advised Helen McArdle on the sale of 20 care homes to HC-One.

The acquisition of the north-east’s largest independent care home operator was announced earlier this month (see BREAKING NEWS: HC-One buys Helen McArdle Care).

Julian Evans, head of healthcare at Knight Frank, said: “Helen McArdle Care has long been considered to be one of the UK’s outstanding care providers. This acquisition perfectly encapsulates HC-One’s continued focus to provide high quality care from best in class facilities.”

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Dr Chai Patel, HC-One executive chairman, added: “We are delighted to welcome Helen McArdle Care to the HC-One family – another major moment in HC-One’s journey from turnaround to transformation.”

This deal is HC-One’s second acquisition since it was acquired in 2014 by a consortium made up of Formation Capital, HCP, Safanad and Court Cavendish.

Gleacher Shacklock advised HC-One on the transaction and Deutsche Bank provided finance.

Knight Frank’s Healthcare and Hotel team annually value and transact on around £20bn of businesses and assets.

Tags : AcquisitionHC-OneHelen McArdle Care

The author Lee Peart

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