Lilian Faithful Homes (LFH) has acquired its fifth care facility in Cheltenham.
The Royal Court Home has been added to LFH’s existing portfolio, which includes care home Astell House, Faithfull House and St Faith’s, and nursing care home Dowty House, Insider Media reports.
Martin Hughes, chief executive of LFH, said: “We are now one of the largest providers of adult social care in Gloucestershire and as our founder would wish – we want to do more.”
The acquisition was brokered by corporate finance partner Andy Kay, of audit, tax and advisory firm Crowe Clark Whitehill, and his team who helped identify Royal Court Care as a target.
Mr Kay said: “Both Royal Court Care and Lilian Faithfull Homes are based in Cheltenham and our role for LFH is to research the market, identify targets, approach and negotiate with them and advise on any subsequent deal.”
LFH was also advised by Jo Bewley and Adam Kean at BPE Solicitors in Cheltenham.
The value of the deal was not disclosed.
LFH, which celebrated its 70th anniversary this year, is named after the founder who was a pioneer in education and social change. In 1947 the organisation she had helped establish the previous year, Cheltenham Old People’s Housing Society, purchased its first property to provide care for 12 ladies.
The charity is expected to make more acquisitions in the Cheltenham area.