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.





Comments are closed.


Latest blog posts

Time for a ten dollar answer

By Caring Times editor GEOFF HODGSON

Ernest Hemingway was known for his minimalist style and he used to pooh-pooh what he called “ten-dollar” words. Not to...

Lacking capacity

By guest blogger JEF SMITH

A friend of mine diagnosed with cancer – now, happily, treated – was asked how he could possibly have missed the...

Care homes – understated examples of tasteful design

By Caring Times editor GEOFF HODGSON

Dozens of recently-built care homes are material proof that it is perfectly possible to design aesthetically pleasing buildings and put...