Anchor, England’s largest not-for-profit provider of care and housing for older people, has exchanged contracts to further expand its care home portfolio with the acquisition of the entire share capital of Halcyon Care Homes Topco Limited.
The 11 purpose built residential care homes, two of which are currently in development, are located in the East Midlands and the South of England – and will bring the total number of care homes operated by Anchor to 125.
The acquisition is a key part of Anchor’s Business Plan to have more and better homes where people love living in later life.
The deal substantially increases Anchor’s care home estate and is the biggest care home acquisition by Anchor in recent years, following the purchase of 24 care homes from LNT Group and five care homes from Cavendish Healthcare Group in 2015. Five homes were also acquired from Hadrian Healthcare Group in 2019.
Sarah Jones, Chief Financial Officer, said: “Our Business Plan sets out a clear growth strategy and these homes represent an excellent opportunity for us to provide more and better homes where people love living in later life.
“The homes will broaden our provision of care and extend our presence into more areas of the country. We’ll be able to draw on and share best practice across these homes and the wider Anchor care home estate.
“Our focus is on providing high-quality residential care and housing, and we’re very pleased to be welcoming residents and our new colleagues to the Anchor family.”
The deal is expected to complete in Autumn 2022 once the CQC transfer of registration has taken place.