Devon home acquired by PSP


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

PSP Healthcare has acquired the leasehold interest in Heanton nursing home, near Barnstaple in Devon. Registered for 64 EMI nursing beds, Heanton commands views across the Taw Estuary. The home is part-purpose built with care team of 60 staff headed by matron Sarah Coull. The sale of the Heanton freehold and operations was handled discretely by John Crocker, the senior director of property agents Christie + Co’s Exeter Office, who managed the transaction to ensure a smooth handover of the business with no disruption. “It is important that the process of selling does not harm the business itself,” said Mr Crocker. “This transaction demonstrated how Christie + Co can effectively manage all parties to achieve their objectives while ensuring that the underlying operations continue without any adverse impact.” PSP Group (of which PSP Healthcare is part) was formed in 2004 by the Dewani brothers Preyen and Shrien. The group currently operates about 300 beds across South Wales and the South West of England





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