Care home group expands portfolio in multimillion-pound deal

Queens Lodge

A Blackburn care home facility has been acquired in a multimillion-pound acquisition.

Queens Lodge is a purpose-built, family-run facility registered for 40 residents and was designed and built in the early 1990s, offering 28 en-suite single rooms and six en-suite double rooms.

Constantia Healthcare Group, based in Beverley, East Yorkshire, made the acquisition which involved a £5.2m funding package provided by SME lender Shawbrook Bank.

Constantia already owns two successful facilities – Longlands Care Home and Roseleigh Care Home in Middlesbrough.

The acquisition of Queens Lodge Care Home will see the group significantly expand its operations and care facilities.

As well as the Queens Lodge acquisition, funding provided by Shawbrook will also re-finance an existing bridging facility and secure the purchase of the freehold at its Longlands site.

Claire Perman, Shawbrook’s associate director for its healthcare finance division, said: “Constantia are an ambitious care group with a vast amount of experience in the sector built up over a quarter of a century.

“As a small, family owned care provider, Constantia values its residents and employees and understands the intricacies involved in providing quality, tailored care services for each individual resident through its ‘person centred carer’ principles – principles which are clearly evident in its management and across its existing facilities.

“Shawbrook is also equally as proud to further support the care industry in general in what is a challenging climate.

“The impact of coronavirus across the healthcare landscape is clear for all to see, and it is impossible to ignore the work that all care home staff are doing across the UK to protect and care for their residents.”

She added: “The residents of Queens Lodge have experienced the highest levels of care and compassion over the years under the stewardship of the previous owners.

“Having worked closely with Constantia’s management on their acquisition, the residents of Queens Lodge are in the safest of hands and can expect continued high-quality care delivered in a homely and professional environment.”

Anthony Massouras, managing director at Constantia Healthcare Group and an experienced operator in the care sector, said: “Shawbrook Bank’s reputation within the specialist healthcare space precedes itself.

“Shawbrook Bank’s specialist healthcare team, alongside Christie and Co and Knight Frank, pulled out all the stops to ensure this deal was completed successfully and I am grateful to them all for their efforts.”

Shawbrook Bank was legally assisted and advised by Trowers & Hamlins, while Constantia Healthcare was provided legal services and advice by Ben Slack, Andrea Unwin, Sarah Cameron, Lauren Hall, Tony Berry and Caitlin Hare of Clarions Solicitors in Leeds.

Christie and Co, a specialist property advisor, introduced and handled the sale.

Knight Frank provided valuation services and advice.

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