Longview Care Home Acquired by Expanding Corporate Purchaser
7th January 2020
Respected care home in Goonhavern, Cornwall is now under new ownership thanks to Redwoods Dowling Kerr.
Longview Care Home focuses on providing high-quality and dependable care for the elderly, particularly specialising in dementia care.
They offer a personal, unique and adaptable service within a warm and welcoming environment, striving to always accommodate the needs of their clients.
The home is registered for 28 residents, featuring a variety of private and state funded clients, accommodated across 26 comfortable single bedrooms and 2 shared bedrooms.
Due to the excellent accommodation available, the care home benefits greatly from high occupancy levels, operating at a 95% occupancy.
Longview Care Home is registered with the Care Quality Commission and received a “Good” rating in every aspect of their inspection in 2018; a true testament to the high quality of care provided.
As a result of this, the care home has consolidated an unparalleled reputation for providing highly-attentive and specialist care within the local area.
The setting was ultimately brought to market due to the vendor’s desire to diversify into another line of business and Redwoods Dowling Kerr were tasked with transitioning this acclaimed care setting into new ownership.
Once placed upon the market, the care home generated a substantial amount of interest, ultimately being acquired by an existing operator looking to expand his portfolio of care homes.
This corporate operative has been established in the growing care sector for 13 years, already owning 3 care settings, and saw great opportunity and potential in Longview Care Home, recognising the excellent profits and the “Good” CQC rating.
The buyer aims to grow and develop the business, aiming to reinvest and extend the property, increasing its’ capacity.
The vendor commented;
“We would like to express our thanks and appreciation to Redwoods Dowling Kerr and Asif Musa for all their help and support.”
“Their support and co-ordination were integral to complete the sale of our Care Home and we thank Asif Musa for finding us a reputable buyer and directing the sale, resulting in a successful completion.”
“Asif always stayed in contact with me and offered his guidance throughout the sale. I would like to thank him for all that he has done to assist me and guide this process so that we could achieve a sale.”
“His friendliness and honesty in this process is much appreciated, it was a pleasure working with him.”
“Asif’s representation of our interests as vendors proved invaluable to us and we would have no hesitation in recommending RDK to any other prospective client who is considering selling their care home.”
The buyer commented;
“We were looking for a care home to incorporate into our group and Redwoods Dowling Kerr gave us the opportunity to look at a complete range of homes covering a large area of the country.”
“There were several homes we were interested in and eventually we found one that completely suited our requirements.”
“Our contact at Redwoods, Asif Musa, was very knowledgeable about the sector and very active in progressing the sale”
Lead Negotiator Asif Musa commented;
“The sale of Longview Care Home in Cornwall is a good example of how we were able to connect the right buyer and the seller.”
“Because of this, we were ultimately able to achieve a swift sale due to the dedication and commitment of all parties.”
“We are delighted to have been able to assist with the growth of the corporate buyer and their plans to expand.”