Kingsley Healthcare has acquired James Nugent Court, an impressive purpose-built vacant nursing home located within an accessible Liverpool location.
The detached three-storey property was constructed in 2013 and is based in a densely populated, predominantly residential area. The former home is a short stroll from local parks with the major commuter routes, (M62) motorway and public transport facilities all close at hand.
The inviting and spacious accommodation is superbly presented, creating a warm and welcoming environment. All fifty-six bedrooms contain private en-suite facilities with spacious, airy communal areas, several lounges on all property floors, a cafe, a family area, and a hair salon. Externally, the property boasts secure landscaped gardens and a sizeable private car park.
The vendors were motivated to sell due to a change of direction but were specifically looking to sell to experienced operators. The bespoke marketing strategy by RDK generated four viewings and two substantial offers.
The buyer, Kingsley Healthcare owns an array of care homes throughout the UK and has been operating in the sector for over a decade. They were attracted to this acquisition due to the large property and a chance to build their group. The buyer is excited at the prospect of opening the business and making it as successful as possible.
The vendor said, “RDK dealt capably with any problems that arose. Their team were enthusiastic, professional, and responsive. My advice to any healthcare business owner looking to sell – do your research and find out your financial position before looking.”
The buyer said, “Nick Shepherd was fantastic in the transactional work we completed through Redwoods. As a Top20 Care Operator, our acquisition of an excellent care home from a regional charity was layered with complexities. It required a pragmatic and level headed approach. Nick has been a great communicator, managing expectations and working tirelessly to ensure the deal remains on track. He addressed concerns whilst on leave and was eager to knock any new issues into shape as they came our way.
The buyer continued, “We will certainly be retaining our relationship with Redwoods and Nick in the hope to grow our business in the region. Having over 32 businesses, 1350 care beds and 1800 staff nationally – we have come across a huge number of agents in the industry – Redwoods and Nick are amongst the best!”
Nick Shepherd, Senior Healthcare Business Broker at RDK said, “I am pleased to have completed on this. Both parties were professional throughout, and I am delighted to have developed trusted relationships with both vendor and buyer.”
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