Tue, 11 Feb 2025 | BUSINESS SALE
Kara Healthcare has bought seven care homes as it continues its expansion plan.
Founded in 2013, Kara Healthcare has built a strong reputation for providing outstanding care across its three purpose-built homes in Leicestershire, Northamptonshire and Peterborough.
Now, with the addition of six state-of-the-art properties in the North East – acquired from administrators and lender ThinCats – alongside the purchase of Olive Row Care Home from the family-run operator Peterborough Care, the organisation said it is poised to set new benchmarks in the sector. All existing staff will be retained, ensuring seamless continuity of care for residents.
Nick Somani, CEO of Kara Healthcare, expressed his enthusiasm for the expansion. He said: “This is an incredibly exciting time for Kara Healthcare. These acquisitions are not just about growth – they represent our unwavering commitment to redefining care excellence. At Kara, we don’t just offer care; we create meaningful experiences, spark joy and cultivate a true sense of purpose for every resident. By bringing these fantastic homes into our portfolio, we’re expanding our reach, enriching lives and setting a new gold standard in care provision.”
Somani said more deals could be on their way. “And we’re not stopping here. With more acquisitions on the horizon, we are actively seeking new opportunities to further strengthen our group, ensuring more communities across the UK benefit from the exceptional care we deliver,” he said.
The deal was facilitated with support from full-service law firm Shakespeare Martineau. “We are delighted to have been involved in these acquisitions, which take Kara Healthcare’s portfolio to 10 sites across the UK, and demonstrates the group’s commitment to providing excellent care nationally. The deals highlight the resilience and potential within the healthcare sector,” said Roger Harcourt, corporate partner.
“While the market remains active, there are signs of distress among some operators. However, Kara Healthcare is dedicated to addressing these challenges head-on, with plans for further expansion in the coming years. We look forward to continuing to work with and support Kara Healthcare with its ongoing growth strategy.”
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