Fri, 30 Jun 2017 | BUSINESS SALE
Impact Healthcare REIT, a real estate investment trust company, has purchased a Leicester-based care home for £3.4 million.
Its purchase of Saffron Court was funded by Impact’s cash resources and swiftly follows its acquisition of the £148 million Seed Portfolio of care homes.
The newly bought care home has 48 beds and 25 associated assisted living flats. The terms of the lease are similar to those for the Seed Portfolio, with a 20-year term, with the potential to extend for another ten years.
“We are pleased to have completed the acquisition of Saffron Court on the terms set out at our IPO,” said Rupert Barclay, non-executive chairman.
“This investment, along with the Seed Portfolio acquired on 4 May 2017, should provide the company with stable and secure cash flows that support the Company’s dividend policy.”
The Seed Portfolio – 56 care homes with a total 2,479 beds - deal was the first for Impact after its IPO in March 2017. Acquired debt-free, the properties remain leased to tenants, Minster Group and Croftwood Group, for £11.7 million a year.
Find care businesses for sale here
Subscribe to Business Sale Report here
The company have experience and expertise in contract management solutions via tech driven portals and apps to ensure work is compliant with IR35. In addition to specialist recruitment and contractor management, the company offer outsourced payroll a...
The company’s offering includes installation and maintenance of satellite services, digital signage, TV distribution systems, Audio & Video solutions, Indoor and Outdoor LED, Wi-Fi installations, PC staging, and content creation. Other skills cover C...
An opportunity to acquire a reputable IT services company based along the M4 corridor with over 20 years of trading experience. The company has built and maintained a thriving, long-standing client base of businesses across a variety of sectors.
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.