Anchor and Hanover discuss merger

Posted on June 5th, by geoff in Caring Times. Comments Off on Anchor and Hanover discuss merger

Hanover and Anchor, two organisations specialising in housing, care and support services to older people, are in talks about merging.

Under the proposals, the two organisations would come together as the Anchor Hanover Group. In a joint statement, Anchor chief executive Jane Ashcroft and Hanover chief executive Dame Clare Tickell said:

“People can look forward to living longer than ever before. More specialist housing and care will be needed going forwards, with new types of services.

“At Hanover and Anchor, we understand these changing needs. We have ambitious plans and want to provide more services, driven by the needs and aspirations of the growing number of older people.

“A new, bigger organisation has the potential to provide the best value-for-money services for our customers now and in the future. It would also enable us to offer better career options for colleagues, and help us attract and retain great people.

“Crucially, a single, bigger organisation could build more properties for older people than we could remaining as separate organisations. This could include social rented, shared ownership and outright sale new homes.”

Anchor chief executive Jane Ashcroft is chief executive designate of the new organisation. The chair designate is Dr Stuart Burgess, currently chair of Hanover. Anchor chair Pamela Chesters had already announced last year that it was her intention to stand down from Anchor’s board. Dame Clare chose not to pursue the chief executive role for the new organisation, should the merger proceed, as she believes the timing is right for a change, and to take up other opportunities.

In addition to its housing to rent and to buy and extracare services, the new organisation would continue to be a major provider of residential care to older people.

The organisations are now seeking feedback from customers and stakeholders and hope to report back in the late summer/autumn.

Hanover employs nearly 900 people and has around 19,000 rental, sale and shared ownership properties in approximately 600 locations across England. This includes nearly 2,500 extracare housing properties.

Anchor is England’s biggest not-for-profit provider of older people’s care and housing, with more than 34,000 customers in 1,000 different locations supported by more than 9,000 colleagues.

Both organisations are focused in England.

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