Care group expands its northern footprint with double acquisition
Two Barnsley care homes, Chapel View and Field View, have both been sold.
Specialist business property adviser, Christie & Co, arranged the sale of the properties which occupy the same site in Mapplewell. They provide care for 39 and 40 residents respectively.
The homes have been operated by Panaceon Healthcare Ltd since they were acquired over eight years ago.
Following a confidential sales process with Jonathan Wickens at Christie & Co, they have been purchased by Wood Care Group which now operates seven homes in the north of England.
Aditya Jain, director of Panaceon Healthcare, said: “We are proud of what we have achieved in Barnsley with Chapel and Field View care home.
“Having bought these homes eight years ago, we have managed to turn both into vibrant and thriving care homes, providing exceptional care.
“Both homes are now rated ‘Good’ by the CQC with quality staff and stellar reputations.
“Both Barnsley and Chapel and Field View care homes will forever be close to our hearts, but we believe we have found the right buyers in Wood Care Group which already has a presence in the area and Andrew and his team have the passion and ambition to take this business forward.”
Andrew Wood, director at Wood Care Group, said: “We are happy to welcome both Chapel View and Field View Care Homes to our group from Panaceon Healthcare. We look forward to working with the teams to continue to provide outstanding care for our residents.”
Wickens, director – care at Christie & Co, added: “It has been a pleasure working with the directors of Panaceon Healthcare and we wish them well for the future.
“Wood Care Group is well known to us as the group acquired all seven of its homes through us and we feel very confident they will continue the fantastic service that has been provided by Panaceon.
“The care home market remains very active in the north of England, with multiple bids being received on several of the homes we are currently marketing.
“Despite uncertainty over interest rates and rising operational costs, there remains a strong resilience across the sector.”
Chapel View and Field View were sold for an undisclosed price.
