Leading house and care provider Sanctuary Group has bought 35 residential care homes and a supported living scheme from Embrace Group.
The homes, which are mainly in Scotland and the North East, will be added to Sanctuary’s 68 care homes, which are mostly in the Midlands and the South.
David Bennett, Sanctuary’s Group Chief Executive, said: “Embrace Group shares with Sanctuary a commitment to good quality care for older people and has built a strong network of care homes with a workforce of highly motivated employees.
“We were attracted to this exciting opportunity because it will enable us to make an even greater difference to the lives of older people around the country and will further our charitable objective.
“We have assembled our existing care portfolio through a mixture of acquisition, development and self-build and as such, we have extensive experience of integrations of this nature.
“We believe that experience combined with a complete dedication to caring for older residents will ensure that these homes are seamlessly brought into Sanctuary.
“Sanctuary is committed to putting kindness at the heart of our care for older people, giving them and their families beautiful environments within which they can live fulfilled and happy lives.”
The 1,800 staff members in the homes will join Sanctuary’s 12,000-strong workforce.
The acquisition brings the number of beds provided by Sanctuary to over 5,300.
Trish Lee, Chief Executive Officer of Embrace, said: “We are delighted that these services will continue to deliver high-quality care and support as part of Sanctuary Group. Sanctuary shares our values of treating people with respect and dignity and I’m confident these services will continue to thrive under its stewardship.
“Our priority throughout this process has been to ensure that the people we support, their families and loved ones, and the dedicated staff teams at each service are unaffected by this acquisition, and I would like to thank Sanctuary for its shared commitment to making this happen. I wish all the services the very best for an exciting future.”
Martin Gould, Head of Brokerage for Care at Christie & Co who handled the sale, added: “This off-market transaction crystallises the market and demonstrates the strength and appetite for well-performing portfolios that meet a strong compliance level.”