New York-listed healthcare real estate giant Welltower has purchased Barchester Healthcare, which operates more than 240 care homes in the UK, for £5.2bn.
As part of the transaction, Welltower has formed an exclusive long-term partnership with Barchester, which will retain its current management team.
Dr Pete Calveley, CEO of Barchester, said: “Through our strategic partnership with Welltower and their significant and ongoing investment into their operating platform, we expect to continue to meaningfully enhance the lives of thousands of older adults by delivering not only exceptional care, but also fostering environments rich in social and cognitive engagement.
“By prioritising safety, connection and activity, we’re supporting better long-term health outcomes and consistently high resident satisfaction – hallmarks of a superior living experience. This partnership underscores our unwavering commitment to elevating the quality of care for ageing seniors.”
Julian Evans, partner and global head of healthcare at Knight Frank, which advised Barchester on the sale, added: “We are proud to have advised on such a landmark deal for the UK and the global care home sector. The UK is a key destination for international capital and the care home and senior living market offers attractive returns, underpinned by demographics and existing undersupply. It is vital the UK continues to attract investors and operators like Welltower to build scale and increase supply.”
