Thu, 29 Jun 2023 | BUSINESS SALE
Care home group BN Care has continued its acquisitive growth, purchasing a fifth care home after securing a £4 million joint finance package from HSBC UK and BGF. The financing has enabled the group to expand its presence in the South West of England, acquiring Exeter facility Barton Place Nursing Home.
Barton Place specialises in caring for higher needs people and is currently home to 41 residents. The home’s residents have serious mental conditions that require specialist personal care, including dementia.
BN Care was founded in 2017 and has grown to now have five UK care homes, with its other facilities being Hay House and The Dales in Exeter, Bymead House in Dorset and St Vincent’s in Sussex. The group is aiming to reach at least 10 homes.
BN Care owner Wade Newmark said that Barton Place was “an important addition to our long-term goal of building a group that provides high-quality care to higher needs residents”, adding that, along with Hay House, the new home meant that BN was the South West’s leading provider for dementia and special individual needs care. He also added that the group was already in discussions over acquiring a sixth site.
BGF investor Chris Jones said that the deal was in line with BN Care’s “acquisitive growth strategy”. Jones added that BGF would continue to support the group as it looked to “grow its portfolio of homes which will provide the top-class professional care that more and more people across the South West of England require.”
Read more about some of the factors driving a busy period of dealmaking in the UK care homes market
Download the free comprehensive guide to buying a care home in the UK
Confidential sale of a well-established lettings & estate agent in Leeds. The business has been trading for many years and has built up a fantastic reputation with hundreds of positive google reviews.
The business has been operating for over 20 years and has built up a fantastic reputation in their area. Boasting a portfolio of 700 and adding properties under management.
The company has traded for 16 years, based in the Northwest and operating nationally providing temporary staff to large corporate clients.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.