Specialist care home sold for undisclosed amount
The sale of a specialist care home in Dorset has been sold for an undisclosed amount.
Specialist business property adviser, Christie & Co, has completed the freehold sale of The Pines care home in Bournemouth, Dorset.
The Pines is a CQC-rated ‘Good’ specialist care home registered for 13 service users in the categories of learning disability, mental health, physical disability and younger adults. It benefits from 13 single bedrooms with trading accommodation over the ground, first, and second floors, with a secure enclosed garden to the side.
Following a decision to retire from the care sector after over 20 years of ownership, the business’s shareholders, Robert and Helen Somerville and Derek and Janet Young, instructed Charles Phillips at Christie & Co to confidentially sell the home.
The home has been purchased by Jose Mathew and his team. Jose comes from a professional health and social care background, has many years of experience in working with people having mental health and learning disability needs, and already owns a care home in Hampshire.
Helen Somerville, on behalf of the shareholders, comments, “We are delighted to have sold the business to the new owners and we hope they have a very successful time operating The Pines. I know we will miss all the residents and staff and it will take a bit of time to get used to no longer owning the business, but we all felt it was the right time to sell and retire.”
Jose Matthew, the new owner of The Pines, comments, “The Pines is a well-presented and well-looked-after business, and we are pleased to have completed the purchase. We look forward to continuing the previous owners’ good work and building on their good name.”
Charles Phillips, Director – Healthcare at Christie & Co, comments, “It has been a pleasure acting for Helen and Janet in the sale of The Pines and we are confident that the new owners will do well. As existing specialist care home owners, they have a great wealth of knowledge which will be of benefit to both their new staff and residents. We had a number of parties interested in this home which shows that there is great demand for specialist care homes throughout the south of England.”
The Pines was sold for an undisclosed price.