Southsea nursing home sold to existing care operator

Regency Nursing Home is registered to care for up to 30 service users and occupies a four-storey property with 21 bedrooms that benefit from lovely views. It is located close to the seafront and opposite the canoe lake in a sought-after and desirable area of Southsea.

Since purchasing the business in 2012, the sellers, Sen and Maria Bungaroo, have upgraded and refurbished the building ensuring this is a well-presented and well-run business for both residents and staff. They recently decided that now was the right time to sell to ease back from work commitments.

Following a confidential sales process with Charles Phillips at Christie & Co, the home has been purchased by Dr Ronald Arulnesan and Dylan Dayalan who also own a care home in Dorset.

Sen Bungaroo, seller of Regency Nursing Home comments, “Both my wife Maria and I have enjoyed owning and running Regency Nursing Home and decided that now was the right time to sell to ease back from work commitments. We still own Braemar Residential Home in Southsea and hope to continue to be involved in the care sector, but on a slightly reduced basis. We look forward to continuing the good synergies between the two care homes with the new owners and wish them all the best.”

Dylan Dayalan, new owner of Regency Nursing Home, comments, “When my business partner Ronald Arulnesan and I first visited Regency Nursing Home, we immediately felt a connection with the property and the ethos of the dedicated staff. This is a well-run business with the residents well being at the centre of everything. We are excited about building on the good name and reputation of the care home and caring for our residents.”

Charles Phillips, Director - Healthcare at Christie & Co, comments, “It has been a pleasure acting for Sen and Maria in the sale of their business and we hope they are able to relax a bit, whilst still operating their other care home. With the knowledge Dylan and Ronald have from operating their first care home in Dorset, we are confident that they will be very successful in their latest venture.”

Regency Nursing Home was sold for an undisclosed price.

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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 020 7448 8849 or E: phoebe.burrows@christie.com

Contact the agent:
Charles Phillips, Director – Healthcare (South)
P: 07764 241 346 or E: charles.phillips@christie.com

Visit Christie & Co’s Business Search page to find out more about current care listings.