Care provider adds 60-bed home to its portfolio
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Riverside Court care home, in Knottingley, West Yorkshire, has been sold for an undisclosed price.
Specialist business property adviser, Christie & Co, confirmed the deal for the 60-bedroom building.
Established in 1995, Riverside Court is a purpose-built care home divided into four separate units, of all which have their own dining and lounge areas.
The home was previously registered with the CQC for 60 elderly residents before its closure in 2018.
The business has been purchased by care provider, Amicura Care Group. It will be the eighth home in the group’s portfolio.
Speaking on behalf of Amicura Care Group, CEO, Mahesh Patel, said: “As one of the UK’s leading care home operators, we are always looking for opportunities to expand our portfolio and we are very pleased that Christie & Co was able to draw our attention to Riverside Court.
“The home has been closed for a couple of years, so it is our intention to refurbish it and reopen it to residents in the coming months.”
Jonathan Wickens, director at Christie & Co, who handled the sale, said: “We are pleased to have worked with Amicura Care Group on their purchase of Riverside Court and feel sure they will provide quality care facilities for the people of Knottingley and the surrounding areas.
“We have seen a resurgence in the market over the last six months with competitive bidding on many assets.
“Operators continue to acquire good performing assets or alternatively turnaround opportunities which offer the chance to redevelop an existing site.”