The group comprises three care homes located in Lanarkshire, Ayrshire and Highlands with a total of 135 registered beds providing a mixture of residential and nursing care.
Walton HPC undertook the due diligence and provided formal valuation advice to both the purchaser, MD Greens and their funder RBS, in connection with their purchase of the Penman pharmacy group.
Within the UK, there appears to be a handful of regional and corporate operators who have either financed or have sourced new private funds and are currently looking to expand.
The economic downturn has had a negative effect on many business sectors however pharmacy businesses are still attracting a lot of interest from purchasers and investors a like.
Walton HPC is delighted to announce the acquisition on behalf Target Healthcare REIT Limited of Mossvale Care Centre for approximately £4.3 million including acquisition costs.
Walton HPC are pleased to announce the sale of a proposed supported living development in Dumbarton to Aberdeen based, Cornerstone for an undisclosed sum.
We have pleasure in attaching our latest Care Sector Update (March 2013), which provides a care home market round up as well as highlighting some of our activity in the care sector in 2012.
