New owner for established LD care home in Exeter

Specialist business property adviser, Christie & Co, has completed the sale of Regents Park T/A The Lodge Care Home in Exeter.

Regents Park T/A The Lodge is a specialist care home for up to seven residents with learning disability needs. The business occupies a charming seven-bedroom nineteenth-century property that sits in a prominent, convenient location within one of Exeter’s popular suburbs.

It was owned and operated by Simon and Larrainne Thorne of Regent’s Park Company for 25 years. The group comprised a number of care homes and supported living businesses, and a domiciliary care agency, which the pair has gradually sold in preparation for their retirement. This was their final care home business.

Following a confidential sales process with Simon Harvey at Christie & Co, the home has been sold to specialist care provider, Potens, which has vast experience of operating similar homes. Being a provider in the region enables wider support to be provided to the care home staff and residents through the transition and beyond.

Larrainne Thorne, Director at Regent’s Park Company, comments, “We had a number of interested parties however, Potens stood out - valuing the same ethos as we had, being specialist providers, and having vast experience in running similar services.”

John Farragher, Executive Chairman at Potens, comments, “Potens is very pleased to complete on this service in the beautiful city of Exeter. We hope to build on the great efforts of Simon and Lorraine over the past years whilst welcoming residents and staff into the wider Potens community.”

Simon Harvey, Director - Care at Christie & Co, comments, “Specialist homes, in large urban settings in particular, are highly sought after, and The Lodge was no exception. Exeter is considered a regional centre and a strategic location. Recognising the potential in this well-run and highly regarded home, Potens saw the opportunity to further extend their presence in the South West.

“This sale, along with numerous ongoing deals and a record year in 2024 for care transactions, demonstrates the strength of appetite for a wide range of care businesses across the region.”

Regents Park T/A The Lodge was sold for an undisclosed price.

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