Elmsdene Care Home and Honeysuckle House Care Home based in Blackpool was sold to an existing operator in a deal facilitated by Redwoods Dowling Kerr.
Elmsdene Care Home and Honeysuckle House Care Home are a group of two highly respected residential care homes. The business has been in the current ownership since 2005 with a combined registration capacity of 58 residents.
The buyer has around 10 years of experience within the healthcare sector, owning several other care homes. The new owner was attracted to the group of two care homes due to the location and wished to continue to run them as they are while growing them exponentially.
Our client’s comments on the RDK sales process were: “I would like to thank RDK and in particular Nick for guiding us through the sale of our company. It was not without its complications, and we felt that Nick did a great job in keeping the whole process moving to a successful and happy conclusion for all.”
The buyer confirmed: “I am very happy to have purchased 2 Residential care homes from Redwoods Dowling Kerr and would certainly work with them again in acquiring future acquisitions. The Purchase had become complex and lengthy due to various issues which were outside of our control and Nick was extremely helpful and went beyond and above in keeping the deal on track, whenever a problem occurred during the sale Nick quickly jumped on it to resolve it. Purchasing Residential Care Homes are never easy, but it is good to deal with a professional who understands the business and wants to get the deal done on both sides. I would certainly work with RDK and Nick again and have confidence in their ability. Finally, I am very pleased to say thank you Nick and without you, the purchase would have been impossible.”
Healthcare Broker Nick Shepherd stated: “This deal was tough at times with delays outside of all parties’ control, but it was great to build strong relationships with the Vendor and sell another home to the buyer. I wish all parties the best of luck for the future, and it was a pleasure to work on this particular transaction.”
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