Care homes are selling… but under the counter

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

News from Scotland suggests the market remains healthy ­ but most deals are now confidential Nursing and residential homes are continuing to sell at an increased pace, albeit against a confidential background, reports Kenneth Yates, head of the Scottish healthcare division at property agents Christie & Co. This year Christie & Co¹s Glasgow office has sold a number of care homes to corporate operators, smaller group operators and first time buyers alike. However, most of the deals have been transacted on a confidential basis, out of the public eye, unlike in the agents¹ other specialist business sectors ­ hotels, pubs, restaurants and retail ­ where sales can be widely publicised. “The message that we at Christie & Co are keen to get across to buyers is that the healthcare sector is a buoyant market with plenty of care homes changing hands, despite most sales taking place Å’off-market¹,” Mr Yates said. “There are lots of good quality businesses out there for sale. However, this may not be immediately a

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