East Anglian based premium nursing and residential care provider, Stow Healthcare, has completed its second care home acquisition in Halstead, Essex.
The purchase of The Cedars Care Home follows the acquisition of Halstead Hall in 2018, which Stow turned around from Inadequate to Good in just 12 months.
Commenting on The Cedars acquisition, Roger Catchpole, Managing Director of Stow Healthcare, said: “We are delighted to have agreed the purchase of a care facility with such great potential. Despite the home struggling for many years, I am confident that with the support of Essex County Council, the Care Quality Commission, and the local Halstead community, we can turn this home into one of the best care homes in Essex.”
Stow Healthcare specialises in the turnaround of previously underperforming care homes. The Cedars rated Requires Improvement in its last inspection in March and April 2019.
Three of Stow Healthcare’s five care homes are rated Outstanding with the remaining two rated Good.
Stow Healthcare plans to invest significantly in the renovation of the care facility, which is to be renamed Cedars Place, and in the training of its staff.
Stow Healthcare’s legal advisers on the transaction were Ashtons Legal.
Geoff Hazlewood, who heads the Corporate and Commercial team at Ashtons, said: “We are delighted to be able to assist Stow Healthcare as they continue to expand their group of award-winning care homes in Suffolk, Norfolk and Essex. It is rewarding to be able to work with a company which is clearly committed to providing a much-needed high quality resource in the region and has found a highly successful formula for doing so.”