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Property investment firm in £1bn takeover talks with HC-One, report

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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).

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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).

Fellow leading care home provider, Four Seasons, went up for sale in January, while Care UK is also reported to be seeking a buyer.

 

Tags : AcquisitionFinanceHC-One
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The author Lee Peart

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