Festival Healthcare acquires Applecroft

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

Acting on behalf of Sanctuary Care Ltd, specialist surveyors, valuers and agents Christie & Co have reported the recent sale of Applecroft nursing home in the village of River, near Dover, Kent, for an undisclosed figure. Applecroft is a 75-bed modern, purpose-built home with all single ensuite bedrooms. Following a strategic review of their existing business, Sanctuary Care decided to dispose of Applecroft as the company no longer wishes to operate in this geographic area. Applecroft¹s new owner is Festival Healthcare, run by Sav Adkar and Richard Thomas, who are based in Essex and have care homes within the South East. They are currently in the process of developing several purpose-built homes. Director of corporate healthcare at Christie & Co David Beecham said that, in the summer of 2003, Sanctuary Care instructed Christie & Co to market the home on a highly confidential basis. “After a tremendous amount of interest numerous offers were secured and the care home was sold for an undisclosed figure signifi

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