The UK’s largest care home provider, HC-One, is in takeover talks with London based property investment firm, Round Hill Capital, according to a press report.
This is MONEY reported that HC-One, which is owned by a consortium of investors, was discussing handing a controlling stake to Round Hill Capital for £1bn.
HC-One was previously reported to have been up for sale in May 2018 (see HC-One on sale for £1bn, news report).
AMP Capital, Antin, private equity investor, KKR, as well as US real estate investment trusts and Asian insurers, were at the time mentioned as prospective buyers.
Round Hill is a leading residential investor and asset manager that invests in residential assets and developments across Europe, the UK and the US.
An HC-One spokesperson said: “It is our policy not to comment on market speculation. Our number one priority, every single day, will always be the health, safety and well-being of the residents we support.”
News of a possible deal, followed a report last month that Australian investment firm Macquarie was eyeing a £2m swoop for Barchester Healthcare (see Australian investment firm Macquarie eyes £2bn Barchester swoop, report).