Ashberry Healthcare acquires care home from MHA

Ashberry Healthcare has completed the acquisition of Engelberg Care Home in Wolverhampton, West Midlands, from Methodist Homes (MHA). Ashberry operates six other homes in Surrey, Herefordshire, Cheshire and Carmarthenshire, providing residential, nursing and specialist dementia care services.

Engelberg offers residential care for 34 residents and its team at the home will transfer by TUPE. It is the first acquisition Ashberry has completed since its management buyout in 2020, led by chief executive Nigel Denny and chief finance officer Gary Cottrell. Having restructured the original portfolio, the business is looking for more acquisition opportunities. Its model focuses on period properties and country houses, with around 40 bedrooms offering smaller community living, with a focus on residential and nursing care.

‘Engelberg and its care team have a great reputation and have built strong connections with residents and the local community,’ said Denny. ‘We are looking forward to building on this with a focus on our community-centric, small group living model that offers something different to the local market for those individuals seeking the camaraderie, empowerment, and independence that a smaller home can offer. ‘We’re looking forward to meeting everyone connected to Engelberg and hope this is the first of several acquisitions over the coming years as we continue to build our portfolio.’ MHA’s chief executive, Sam Monaghan, said: ‘We are delighted that Engelberg care home will pass into the hands of Ashberry Healthcare, where we know residents and the team which cares for them will be well looked after.’ Ashberry Healthcare’s finance partner on the deal was Barclays Bank. Financial details of the acquisition have not been disclosed.

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