Care group Sanctuary embraces expansion with new acquisition
Worcestershire housing and care provider Sanctuary Group has expanded its portfolio of care homes with a major new acquisition.
The group has purchased 35 residential care homes and a supported living scheme from Birmingham-based Embrace Group.
The homes, which are largely in Scotland and the North East, will dovetail with Sanctuary’s 68 existing care homes, which are located mostly in the Midlands and South.
The 35 care homes currently operated by Embrace Group bring the total number of bed spaces provided by Sanctuary Group to over 5,300.
The deal will see 1,800 staff from Embrace transfer across to Sanctuary Group. Sanctuary now employs around 12,000 people.
David Bennett, Sanctuary’s Group Chief Executive, said: “Embrace Group has built a strong network of care homes with a workforce of highly motivated employees.
“We were attracted to this exciting opportunity because it will enable us to make an even greater difference to the lives of older people around the country and will further our charitable objective.
“We have assembled our existing care portfolio through a mixture of acquisition, development and self-build and as such, we have extensive experience of integrations of this nature.”
Trish Lee, CEO of Embrace, said: “We are delighted that these services will continue to deliver high-quality care and support as part of Sanctuary Group. Sanctuary shares our values of treating people with respect and dignity and I’m confident these services will continue to thrive under its stewardship.
“Our priority throughout this process has been to ensure that the people we support, their families and loved ones, and the dedicated staff teams at each service are unaffected by this acquisition.”
Martin Gould, Head of Brokerage for Care at Christie & Co who handled the sale, added: “This off-market transaction crystallises the market and demonstrates the strength and appetite for well-performing portfolios that meet a strong compliance level.”