Impressive best-in-class West Midlands dementia care homes sold to CareTrust REIT and Kinly Care
Specialist business property adviser, Christie & Co, has announced the sale of Specialist Dementia Care provider, Alpha Health Care Group. The 270-bed, West Midlands-based group comprises two high-performing care homes known as The Lakes in Walsall and Hampton Court Care Home in Bilston, Wolverhampton.
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Image: Drone photograph of Waters Edge Care Home and Lakeview Care Home
The Lakes Specialist Dementia Care Facility comprises Lakeview Care Home and Waters Edge Care Home, which are registered for a combined total of 214 residents, with 192 operational en suite beds. It is a unique, best-in-class integrated dementia service, which has an impressive team of specialist staff who are trained to provide high-quality therapeutic support and care to people who have varying forms of dementia, progressive neurological illnesses, and acquired brain injuries (including strokes).
Hampton Court Care home is registered for 80 residents, with all bedrooms having en suite facilities. It was acquired in 2022, and it has since been fully refurbished and has adopted Alpha’s established dementia pathway model.
The homes serve the growing demand for elderly dementia and specialist dementia care in the West Midlands.
Following a confidential sales process handled by Martin Gould at Christie & Co, the homes have been purchased by CareTrust REIT (formerly Care REIT), marking the first acquisition deal in the UK for them since acquiring Care REIT earlier this year. The homes will be run by Kinly Care under a long-term lease, with CareTrust REIT as the landlord.
Eddie Coombes, Chief Executive at Kinly Care, comments, “Kinly Care is proud to be entrusted with The Lakes and Hampton Court, two highly respected dementia care homes. Our focus is on ensuring continuity and quality for residents, families, and staff, while building on Alpha Health Care’s legacy through this new partnership with CareTrust REIT.”
Mark Tomalin, Chief Executive at Alpha Health Care, comments, “I am extremely proud of all that the amazing Alpha team has achieved over the last 10 years and our established position as a leading provider of specialist dementia care. As we pass this responsibility on to Eddie and the team at Kinly Care, we wish them every success for the future.”
Martin Robb, Managing Director at CareTrust REIT, comments, “The UK care home market continues to present compelling opportunities for disciplined investors. This transaction underscores CareTrust’s ability to identify and execute on high-quality opportunities in partnership with operators who share our long-term vision.”
Martin Gould, Director & Head of Brokerage – Care at Christie & Co, comments, “We have known and acted for Alpha Health Care Group for over 15 years, having previously sold their portfolio of residential care homes within the wider West Midlands area in 2013. This deal brings to a close Alpha’s ownership of care homes in the region, and it was therefore an absolute pleasure to act on this process and bring it to a successful conclusion for them. We’re also really pleased to be part of CareTrust REIT’s first UK acquisition.”
The homes were sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Hill, Associate Director – Corporate Communications
P: 07540 063 598 or E: phoebe.hill@christie.com
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