Healthcare investment company RD Capital Partners has completed the purchase of the elderly care division of Dignus Group Limited.
The acquisition of four homes in the West Midlands was carried out through specialist business property adviser Christie & Co.
Sameer Rizvi, Managing Director from RD Capital Partners, said: “We were attracted to Dignus Healthcare homes in particular because of their urban Birmingham location, their close proximity to each other, their historically maintained ‘good’ CQC rating and overall top quality of care.
“We are delighted to have finally completed this acquisition, after working on the deal for nearly a year. As a result, we have been able to acquire a Birmingham-based care home platform that triples the size of our business. It will be business as usual for the employees and elderly residents, ensuring no business disruption of any nature.”
The deal covers Richmond Court, Caldene, Bartholomew Lodge and Bearwood care homes.
Paul Reilly, Director at Christie & Co, who handled the sale, said: “The portfolio represented a rare opportunity to acquire four excellent quality care homes. The Sandhu family had painstakingly and lovingly built and developed the portfolio over nearly 30 years and the superiority of the homes was recognised by RD Capital Partners.”