Property Title: WOODBORO RESIDENTIAL HOME (SOLD)

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 09 Feb 2016

Location: Clacton-on-Sea, Essex

Guide Price: UNDISCLOSED (Freehold)

Property Agency: DC Care Specialist Healthcare Business Agents

Reference: Woodboro RCH

Description

ESSEX CARE HOME SAVED FROM CLOSURE

Woodboro Residential Care Home located in Clacton-on-Sea, Essex has been acquired by local care providers Alliance Care Homes, which is part of Alliance Care Group that operates several Care Homes and Domiciliary Care Agencies across the country. The purchase ensures the future for the workforce and saves the home from closure after being placed in to receivership in August 2015. For Alliance Care the acquisition represents a strategic move to complement their existing highly regarded domiciliary home care business that will allow them to also offer a residential service, respite and reablement services to their established customer base.

Specialist healthcare business agents DC Care were instructed by the Receiver Tim Dolder of Opus Restructuring LLP to find a suitable purchaser and all efforts were made to sell the home as operational. The sale of the care home was managed by Andy Sandel and Clare Jones on the instructions of Opus Restructuring LLP. Commenting on the sale Miss Jones said "It was very satisfying to find a purchaser for the home that intends keeping it open and investing in the business and employees, we wish Alliance Care Group (Alliance Care Homes) all the best for the future."

Tim Dolder also commented "With the UK residential care sector coming under increasing financial pressure, Opus is delighted to have found a positive outcome for the residents and staff at Woodboro thanks to the confidence in the future of the home shown by Alliance Care. We were particularly gratified to hear from relatives of the residents how much they appreciated the sensitive approach taken, which helped to achieve this result."

SOLD JANUARY 2016