NHP rejects £30m offer

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

NHP has rejected a £30m bid for about 20 nursing homes from a group of investors backed by Jeremy Davies, the company¹s 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 £40m of assets to relieve the company¹s £90m debt. It is believed he is considering a number of options now that the sector appears to be recovering.

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