NHP rejects Â£30m offer
NHP has rejected a Â£30m bid for about 20 nursing homes from a group of investors backed by Jeremy Davies, the companyÂ¹s co-founder and current director. If the bid had been successful, Mr Davies had agreed to leave NHP to run the properties, some of which, it is believed, are under-performing. NHP chief executive Bill Colvin is said to be interested in selling up to Â£40m of assets to relieve the companyÂ¹s Â£90m debt. It is believed he is considering a number of options now that the sector appears to be recovering.