Agent says care home market is still buoyant

Posted on June 1st, by editor in Caring Times. No Comments

The property market for care homes remains extremely buoyant, say property agents Christie + Co. Last year, the company recorded its best year ever for care home sales, an achievement which, to date, is being matched by current sales levels during 2005. Christie + Co sold more than half of all individually transacted care homes last year. Healthcare director Richard Lunn said corporate operators were as active as private purchasers with consolidation continuing throughout the sector. A number of major corporate transactions have already been completed this year, most notably Ashbourne’s £88m acquisition of Ridgmont Care Homes and Four Seasons Health Care’s £116m purchase of BetterCare. Christie + Co provided advice in both transactions. The BetterCare acquisition puts Four Seasons at the top of the list of major UK care providers with more than 20,000 beds in 436 homes. Ashbourne’s purchase of Ridgmont came hot on the heels of the company’s £280m management buy-out. “The market is also alive with speculati

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