Redwoods Dowling Kerr are pleased to announce the successful sale of Springfield Care Home, based in Caerphilly, Wales.
The care home is well-established and registered for residents with learning disabilities located in South Wales.
The home occupies an accessible position in a residential area close to an excellent selection of shops and amenities. The major commuter routes and public transport facilities are also within a short distance.
Having operated successfully for the past 40 years, this well-known home has established an enviable reputation for providing excellent standards of care.
As a result, Springfield Care Home enjoys regular referrals and recommendations, demonstrating a strong trading record with historically high occupancy levels at or near capacity.
Having built up the care home for many years, Mr Coles, the owner, wanted to facilitate retirement plans and he instructed Redwoods Dowling Kerr in the sale.
Recognised as the UK’s leading business broker in healthcare business transactions, our bespoke marketing and research campaign attracted an array of interest. Springfield Care Home had 11 viewings and received four strong offers.
The purchaser, a corporate operator in the healthcare sector, bought the care home as it was an ideal bolt-on acquisition and they have plans to continue running the home at full occupancy.
Upon completion of the sale, Mr Coles said: “We have worked hard over the years to create a reputable care home business for people with learning disabilities, but felt the time was right for us to retire and let the business move forward.
“We are delighted that the new owners are committed to both the residents and staff and wish them all the best for the future.
“Asif at Redwoods who did a great job marketing our business, arranged several viewings and with his efforts we found a suitable buyer. He always remained in regular communication and also recommended to us their panel solicitor, who successfully completed on the sale.
“We would like to thank Redwoods Dowling and Kerr for their guidance and services, we would not hesitate in recommending them to anyone wanting to sell their business.”
Healthcare Sales Negotiator, Asif Musa, said: “It has been a pleasure working with our client Mr Coles for all the hard work he has put in during these difficult times to get the sale over the line.
“It has been an excellent result for all concerned. I wish the buyers all the best with their acquisition.”
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