Leading care home provider Four Seasons could be sold for as little as £400m, according to a press report.
Norfolk-based care organisation NorseCare has been chosen as the preferred bidder for the All Hallows Nursing Home in Bungay, North Suffolk.
Acquisition
The deal has resulted in nine redundancies at Springhill Care Group’s sister company’s Springboard Business Support Ltd
Significant progress has been made in the bid to find a buyer for care home group Four Seasons Health Care but a Barchester deal appears to have hit the rocks, according to news reports.
Specialist investor in modern, purpose-built care homes, Target Healthcare REIT, has completed the £7.6m acquisition of Acorn House in Nottingham.
Morris Grange Nursing Home in Middleton Tyas, Richmond, North Yorkshire has been sold through specialist business property advisor, Christie & Co.
Octopus Real Estate, part of the Octopus Group and leading investor in healthcare facilities, has completed two sales and one acquisition.
Shaw healthcare has agreed a lease with Powys County Council for over 300 residential beds at 13 care homes across mid-Wales.
The Brexit stalemate is delaying a proposed £2bn takeover of Barchester Healthcare, according to a news report.
A South Yorkshire care home is to reopen after being purchased by a first-time buyer.
