Leading global property adviser Knight Frank has advised specialist provider of mental health, learning and physical disability care, United Health, on the £17m sale of a portfolio of specialist care facilities.
The portfolio sold to Achieve Together, a leading provider of specialist support for people with learning disabilities, autism and associated complex needs, consists of two mental health assets and nine learning disability homes in Derbyshire and Lincolnshire.
Philip Pearson, Chief Executive of United Health, commented: “For over 25 years we have consistently delivered quality services for individuals with profound and complex needs. Handing over this provision brought with it a sense of sadness, but in terms of our organisation’s development was the right time. We were proud to pass over to Achieve Together such a highly thought of and well-run portfolio.”
Garry Fitton, Chief Financial Officer at Achieve Together, added: “We are incredibly excited and proud, to be welcoming United Health’s residential mental health, learning and physical disability services and dedicated teams, to Achieve Together. As we all work together to deliver the best specialist support through the amazing teams, our networks, and our partnerships, including with families, we will remain focussed on collaboration and importantly, co-production.
“We are looking forward to working closely with each service, our new team members, the individuals we support and their families, as we embark on this new and exciting chapter together.”
Joe Munro, Surveyor at Knight Frank, said: “The pandemic has highlighted the importance of bespoke and tailored care for those suffering from physical ailments and learning disabilities, and this has resulted in strong continued demand from a range of investors and operators for specialist care platforms which facilitate the provision of high-quality care to individuals with a range of complex needs. This transaction, following other notable examples such as the acquisitions of Consensus and the Priory Group earlier this year, illustrates the positive sentiment toward the specialist healthcare property sector and serves to demonstrate its ongoing appeal despite the challenges posed by the pandemic.”