NHP buys 35 Highfield homes


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

NHP plc has acquired, through its subsidiaries, 35 care homes from Highfield Group Ltd for £76.5 million. Following the completion of the acquisition the care homes, which are mainly modern purpose-built facilities, will be immediately leased-back to Highfield for an initial annual rent of £6.75m for a period of 34 years, with two options in favour of the tenant to renew the leases for successive 34-year terms. NHP chief executive Richard Ellert said the acquisition represented a major addition to the company’s portfolio in the north of England and Scotland. “NHP now has 334 homes (comprising 17,416 beds, leased to 24 tenants) and is now the largest owner of care home beds in the UK,” Mr Ellert said. “We believe that Highfield is a high quality operator of care homes with whom we have worked successfully in the past. We look forward to continuing our association.” NHP has also given Highfield an option to sell a further seven care homes, comprising 226 beds, to NHP for £3.5m, exercisable by Highfield befor





Comments are closed.


Latest blog posts

Care homes discounted in end of life care

By Caring Times editor GEOFF HODGSON

I am sure that we all want those who we care for to experience ‘a good death’ when the time...

Perhaps I’m ‘app’athetic

By Caring Times editor GEOFF HODGSON

I’ve got an app in my toolbox that allows me to bang-in nails – I call it a hammer. I’ve...

Fond memories of long distance discomfort

By Caring Times editor GEOFF HODGSON

The Ford Anglia, the earliest models of which were built in 1939, was a great car for a small family;...