Encore enters £250m growth deal with Welltower
Encore Care Homes has entered a £250m strategic development partnership with U.S. healthcare REIT (real estate investment trust), Welltower.
The partnership will provide Welltower with the exclusive option to acquire £250m of Encore’s future developments, allowing Encore to continue to design and construct care homes across the south.
Part of the Quantum group, Encore is a specialist residential, nursing and dementia care home provider which currently manages three care homes in Dorset and Hampshire.
Encore operations and quality director Izzy Nicholls said the company planned to design and build care homes in the south of England.
“The care homes, which Welltower may acquire in the future, will continue to operate under the Encore brand and will allow the company to grow; therefore, creating new jobs and opportunities for those in the local community,” said Ms Nicholls.
“We have seen how effective building strong, innovative partnerships with healthcare experts can be to ensure we remain at the forefront of the latest industry advancements, such as our pre-existing partnership with the NHS. This new partnership therefore combines Welltower’s global scale and expertise with our regional knowledge and development experience to create a new approach to care home development.”