Larchwood sells portfolio of seven homes in Northern Ireland to Ann’s care homes
Specialist business property adviser, Christie & Co, has announced the sale of a portfolio of seven care homes located across Northern Ireland on behalf of Larchwood Care (NI) Limited.
The portfolio comprises Apple Blossom Lodge in Armagh, Culmore Manor Care Centre and Oakleaves Care Centre in Londonderry, Glebe Care Centre and Dunanney Care Home in Belfast, Melmont Manor in Strabane, and Kingsland Care Centre in Bangor.
Combined, the homes are registered to care for up to 330 residents and employ 560 staff members.
Following a confidential sales process with Christie & Co, all seven homes have been purchased by Ann’s Care Homes, a family-owned healthcare operator with 16 nursing homes across Northern Ireland.
Ann McQuade, Director of Ann’s Care Homes, comments, “Over the last number of years, we have increased our nursing home provision across Northern Ireland. As part of this continued growth, we are delighted to announce the acquisition of seven homes from Larchwood Care. We are committed to retaining each of these homes' distinctive character and personality and will continue to work with and develop the existing staff whilst delivering the highest quality care and support to the residents and their families.”
“Ann’s and Larchwood are working closely with the Regulation and Quality Improvement Authority and the Regional Trusts to ensure a smooth migration of the operations of the Homes and we’re both fully committed to ensuring a smooth transfer for all stakeholders. There will be no changes to the existing care arrangements in staffing or the team directly involved with the nursing homes, so people in the homes receiving residential and nursing care and their families can be assured of continuity of care. We are committed to maintaining a high standard of living for all residents and look forward to working in collaboration with Larchwood’s existing team to continue to provide the best possible care for all residents.”
Martin Gould, Head of Brokerage – Care at Christie & Co, who handled the sale, comments, “It was a pleasure to act for Larchwood on the sale of this portfolio. This deal also follows on from other notable care portfolio transactions in Northern Ireland over the last two years, which we believe aptly highlights the strength of the local market and the high interest levels good operators have to invest into the care sector.”
The seven homes were sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 07540 063 598 or E: phoebe.burrows@christie.com
Contact the agent:
Martin Gould, Head of Brokerage – Care
P: 07712 198947 or E: martin.gould@christie.com
Visit Christie & Co’s Business Search page to find out more about current healthcare listings.
