Rhyl care home acquired by existing management
The home’s registered manager Ruth Waltho, along with her husband David, have acquired the 52-bed facility for an undisclosed sum.
Located in a seafront setting on East Parade in Rhyl, St David’s has 48 bedrooms, many of which have en-suite facilities. Three of the bedrooms are suitable for dual occupancy.
St David’s is the biggest care home in North Wales and employs 40 members of staff. The property was originally built in 1904 as a preparatory school for boys and has also previously been used as a convalescent home for Yorkshire miners. Following its acquisition, plans are now underway to improve and refurbish the care home, including the creation of two new bathrooms and a home cinema as well as general redecoration and renovation work.
Relationship manager David Booth from Allied Irish Bank (GB) developed a seven figure funding deal to support Mr and Mrs Waltho with the acquisition of the home.
“Given Ruth’s long term involvement with the business and experience in the care sector it made perfect sense for them to buy the business,” said Mr Booth.