Purpose-built Lincolnshire care home Randolph House has been sold for its £1.5m asking price to Knights Care.
Scunthorpe’s Randolph House is registered with the CQC to provide dementia and residential care as well as day care, respite, and long-term placements for up to 70 residents.
The business sits in a good-quality detached two-storey property with 67 bedrooms, eight of which have en suite facilities.
The business was previously managed by Burlington Care on behalf of an investment fund.
The home has been purchased by Knights Care, a Chesterfield-based operator.
Adam Knights, managing director, commented: “We are extremely excited to bring Randolph House on board to the Knights Care family. Look forward to working with you again on our next acquisition.”
Julie Kitson, director at Christie & Co, who handled the sale, added: “I am delighted to have been able to assist Knights Care in purchasing Randolph House and am sure it will be an excellent addition to the group.