Specialist business property adviser, Christie & Co, has completed the sale of Western Health Care Limited, which comprises Downs House and Stroud House care homes in Petersfield, Hampshire.
Downs House has 46 en suite bedrooms and is registered for 49 residents, while Stroud House has 20 bedrooms – 13 of which have en suite facilities – and is registered for 25. Both homes present and trade well, and have dedicated teams of staff who provide excellent care to all their residents. Stroud House also benefits from planning permission to become a 40-bed care home.
Both homes have been under the ownership of Paul Rogers and his family for many years. They have owned Downs House since 1992 and, over the years, have extended and improved the care home to its current offering. Stroud House was purchased in 2002 and has also been updated and refurbished throughout the family’s ownership. Paul recently decided to sell as he felt now was the right time to retire from the care sector.
Following a confidential sales process with Charles Phillips at Christie & Co, the shares in the company have been purchased by SDR Group, an existing care company that owns and operates both elderly and specialist care homes in southern England.
Paul Rogers, former Managing Director at the homes, comments, “I am delighted that a fully confidential marketing process was carried out by Christie & Co, and we were able to maintain the smooth running of the care homes throughout. SDR Group are ideal purchasers as we have the same ethos as each other and I believe they will be very good new owners for the homes which we have run over the years to the best of our ability. I wish them all the best.”
Rupert Corney, CEO at SDR Group, comments, “Having looked for a while for a care home that would have good synergies with our current elderly home, we were thrilled to be introduced to Paul and visit both Downs House and Stroud House. They are lovely businesses which have great potential and are an excellent addition to our group. We are committed to providing excellent care and support to our residents, their families and also our staff, and the addition of these two homes shows our commitment to the care sector.”
Charles Phillips, Director – Healthcare at Christie & Co, comments, “Paul wanted an off-market, confidential sale and, having a detailed knowledge of credible buyers, we contacted SDR Group as we thought they would be ideal buyers for these homes. We were delighted when an offer was made and accepted, with the sale process going very smoothly from start to finish. The sale of these two homes in Hampshire illustrates the strong demand for care homes in the area.”
Western Health Care Limited was sold for an undisclosed price.