Elderly care homes sold to specialist investor
Birmingham healthcare group Dignus has sold its elderly care division, including four care homes, to speciaist RDCP Care.
Sites in Smethwick, Wednesbury and West Bromwich have transferred over to RDCP, which has been backed by “an eight-figure funding package” from Allied Irish Bank.
RDCP is the care home management arm of London investment firm, RD Capital Partners. The company has the ambition of becoming a top 20 care provider over the next decade.
Sameer Rizvi, managing partner of RD Capital Partners, said: “We were attracted to Dignus Healthcare homes in particular because of their urban Birmingham location, their close proximity to each other, their historically maintained ‘good’ CQC rating and overall top quality of care.”
Dignus Healthcare was formed in 2006 and provides care for people with mental health conditions and learning disabilities.