Canford Healthcare acquisition - 5 new homes

Canford Healthcare are delighted to announce the purchase of Churchgate Healthcare Ltd, a group of five new build care homes located in Essex and Kent. The acquisition follows Canford Healthcare’s restructure and successful partnership with Ventas REIT in January. The link with Ventas REIT, one of the largest healthcare real estate investment trusts in the US with assets of approximately $37 billion, secures funding for further expansion for Canford Healthcare.

With the Churchgate Healthcare acquisition, which was finalised in June 2015, Canford Healthcare has added 351 beds with the purchase of the five new build care homes. This doubles the existing portfolio to 10 homes, with 661 beds, in addition to 2 south coast domiciliary care services. Canford Healthcare enjoys an excellent reputation for care. Director Barry Lambert commented “We are delighted at the opportunities to grow with a group of high quality care homes, located adjacent to our existing portfolio, while continuing to provide the high level of care and excellent environments that Canford is known for” Canford would like to acknowledge the expert advice of specialist law firms Charles Russell Speechly and Lester Aldridge. Ventas were advised by Berwin Leighton Paisner. Following the acquisitions Canford is now recruiting for a variety of positions at all homes.

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