AlixPartners Services UK LLP, Joint Administrators of Care at Home (Wales) Limited in June 2014 instructed Bespoke Care and Eddisons to jointly market the assets for sale with a view to securing a sale to a trade buyer who would continue to operate the homes.
The sale of all 3 care homes to Rosewood Healthcare Group was completed on 10 August 2015.
The group comprises three care homes – Plas y Bryn, Plas Isaf and St Michael’s – in Rhos-on-Sea providing care for the elderly.
The company’s Directors Mr George Khanijau and Mr Sandeep Gupta confirmed this now takes their ‘group’ to a total of 9 care homes.
Mr Khanijau commented “Acquiring these 3 care homes in Rhos-on-Sea significantly increases the size of our regional group and our presence in North Wales.”
”We look forward to meeting all the staff, residents and relatives in the coming weeks as we integrate these care homes into the group.”
”We thank the joint agents for their assistance with this acquisition as there are very many differences when buying a business from Joint Administrators.”
Commenting for the joint agents Anita Allen of Bespoke Care said “I believe we will see further administration appointments during the next year.”
”Whilst not ideal for any party – staff, service users and indeed the creditors of care homes, it is, I believe, in everyone’s best interests that these businesses are sold as operational going concerns.
”We worked through this sales process with the team at AlixPartners and the managing agents HCMS to cause as little disruption to the service users ‘homes’ as was possible.”
Anita continued ”I wish Rosewood Healthcare Group all the best as they expand their portfolio in North Wales with these acquisitions.”