A highly reputable care home based in Kidderminster, registered for 12 residents, has been sold to an existing operator advised by RDK.
The residential care home offers care to elderly residents as well as a rest-bite care, set within an attractive residential area in the West Midlands.
After purchasing the business in 2012, Our client has cemented an excellent business with a first-class reputation.
The home prides itself on the care offered to the residents. There is a spacious day room and residents are encouraged to engage in the various activities that are offered.
There is a spacious dining room and outside seating area accompanied with a well-presented garden. Great emphasis and attention are given to the quality of food served, with local produce being used wherever possible, ensuring fresh home-cooked meals.
Having owned The Poppies for several years, the owner wanted to sell the care home as he wished to pursue other interests.
Recognised as the UK’s leading healthcare broker, Redwoods Dowling Kerr were instructed in the sale and our bespoke process generated significant interest, including 20 viewings and five offers.
The business was sold to a business operator who owns a separate domiciliary care business. The buyer has plans to continue the same operations as the business is growing exponentially.
Upon completion of the sale, the vendor said: “I am happy to have sold The Poppies and it’s turned out to be very good. Nick Shepherd was excellent and very pleasant to deal with.
“This was the right time to sell as I am ready to retire and I wanted to sell to an experienced buyer, which we’ve found.
“I couldn’t recommend RDK highly enough. They got my business a very good deal and I am pleased with the service.”
The buyer said: “I had been looking for a care home to buy for some time and I found an excellent business in The Poppies. Nick Shepherd was very responsive, honest and helpful.
“I am delighted with my acquisition and with the high-quality of service by RDK.”
Healthcare Negotiator, Nick Shepherd said: “I am very pleased to have got this across the line. The vendors were keen to retire as they had been in the industry for a long time. The buyer is pleased and excited to expand his healthcare portfolio.”
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