Shropshire care home sold to growing multiple operator

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Christi + Co-Care Industry NewsFriendly Care Group, operator of four care homes in the West Midlands, has added a fifth to its growing portfolio with the acquisition of Netherwood care home in the market town of Shifnal in Shropshire.

 

The care home was acquired by the group in a sale brokered by the specialist care property adviser Christie + Co.

 

Netherwood is registered with the Care Quality Commission (CQC) for 31 residents across 19 single and six ‘companion’ bedrooms. There is believed to be room to expand the home by a further ten to 12 rooms, subject to the necessary consents.

 

Martin Gould of Christie + Co, who sold the home on behalf of previous owners Ann Alexander and David Harrison, says: “Netherwood was acquired by Ann and David in 1995 and they have developed and expanded the home from a 20-registration setup into the high quality and successful 31-resident registration of today.

 

“Moreover, the home has strong occupancy, good fee income and a higher than average proportion of privately-funded residents — the holy grail for all care home operators — so Friendly Care Group is to be congratulated on this excellent acquisition to its expanding empire.”

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