Omega Healthcare Investors has acquired 46 care homes from Four Seasons Health Care Group for £241m.
The freehold care homes are located across England, Scotland and Jersey and will be run by six different operators, having until now all traded under the Four Seasons Health Care or brighterkind brands.
Joe O’Connor, CEO of Four Seasons, said: “This was a complex process with many moving parts. Having high quality advisers appointed had a significant impact at each stage of the process and I am very grateful to the whole CBRE team for all their efforts in securing this outcome.”
Sarah Livingston, head of healthcare at CBRE, which acted on behalf of Four Seasons Health Care Group, added: “This is a landmark deal for the sector, and our appointment as sole sale side advisor demonstrates our ability to provide strategic advice, built on our deep sector expertise and our track record on transactions of this scale.”
Tom Morgan, head of operational real estate at CBRE, said: “The care homes are strongly positioned with excellent care quality, with a significant proportion of the assets being purpose-built. This presented a compelling opportunity for investors to acquire a high-performing portfolio, both from an operational and financial perspective.”
Christie & Co acted for the purchaser.
