Fairhome Care acquire specialist home in Devon
11th December 2018
Redwoods Dowling Kerr are delighted to announce the sale of Ashdown Residential Home in Devon, to corporate buyers, Fairhome Care.
Ashdown Residential Home is a renowned residential care home for adults aged 25 and above with mental health needs. The home is currently registered for 12 persons and operates at 90% capacity.
Also included in the sale is Sunnycroft, an attractive 3-bedroom owner’s property.
Ashdown Residential Home has successfully operated in the desirable town of Teignmouth for over 40 years. This includes 28 years under the ownership of the current vendor, who is now looking forward to retirement.
Commenting on the transaction, the vendor who wished to remain anonymous said:
“I would like to thank Asif Musa and Redwoods Dowling Kerr for their help and advice during the sale of my care home.
“Asif kept us updated on the progress of the sale and acted in a professional and courteous manner at all times.
“When delays occurred, they were handled with diplomacy and tact which brought the deal to a satisfactory conclusion.
“I have no hesitation in recommending Redwoods Dowling Kerr to anyone else thinking of selling their care business.”
Following the sale, Fairhome Care aim to continue providing the highest standards of care for residents.
Robbie Shannon from Fairhome Care said:
“Whilst it was a challenging process due to delays beyond Asif Musa’s control, his perseverance shined, ensuring the acquisition was secured.
“This enabled the incoming care provider to work with the outgoing owner, keeping the residents and staff informed of progress despite the challenges.
“We would definitely work with Redwoods Dowling Kerr on future acquisitions.”
Sales negotiator Asif Musa said:
“We are delighted to have once again acted successfully on behalf of our client.
“It’s also been a pleasure working with Fairhome Care and helping them grow their healthcare portfolio.”