Home Mergers and Acquistions Established Isle of Wight Care Home purchase by local operator

Established Isle of Wight Care Home purchase by local operator

by Lisa Carr

Specialist business property adviser, Christie & Co, has completed the freehold sale of Inver House in Bembridge, Isle of Wight.

Inver House is an established care home registered for 50 residents that has been recently refurbished and upgraded so is in very good order throughout. The property is located in the popular village of Bembridge at the eastern tip of the Isle of Wight, and shares its plot with Langham Court, a block of 11 leased assisted living flats.

Following a confidential sales process with Charles Phillips at Christie & Co, it has been purchased by award-winning operator, Hartford Care, which has 18 care homes, three of which are in the Isle of Wight. The home was previously owned by not-for-profit care provider, Somerset Care.

Mr Kevin Shaw, CEO of Hartford Care comments, “The purchase of Inver House is an ideal acquisition for Hartford Care and will tie in well with our three island care homes, especially The Elms which is also in Bembridge. There will be great synergies amongst all the homes and this purchase shows the commitment Hartford Care have to providing care and support to residents of the Isle of Wight.”

Charles Phillips, Director – Healthcare at Christie & Co, comments, “Inver House is a lovely care home which Somerset Care have invested in greatly over the years and is located in sought after area. We are delighted to have found Hartford Care as a buyer for this home and having sold them their three other Isle of Wight homes, they were a natural buyer for Inver House. We wish them all the best with their latest purchase.”

Inver House was sold for an undisclosed price.

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