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HPC Acts in Acquisition of Purpose Built Care Home

HPC has acted on behalf of a leading Yorkshire-based social care group in the acquisition of a care home in Grimsby.

HPC Acts in Acquisition of Purpose Built Care Home
HPC Acts in Acquisition of Purpose Built Care Home

Hull-based HICA Group has purchased Fairways Care Home on Little Coates Road, Grimsby from Care Plus Group for an undisclosed sum.

Fairways Care Home is a 55-bed single storey, purpose-built home located within a large, landscaped site. The home provides high quality residential and dementia care.

The employment of all 65 staff has been secured in the handover to new ownership.

HICA already has a strong presence in Grimsby, operating Cranwell Court, a 56-bed purpose-built residential and dementia care home acquired in 2019 via a sale process also handled by HPC. In addition, HICA has a 41-bed specialist care home, the Anchorage in Rutland Street, and a homecare organisation.

A spokesperson for Care Plus Group explained: “We are pleased that by selling Fairways as a going concern, all current staff have transferred over to the new owners and there will not be any disruption to the residents and their care.

Terry Peel, HICA CEO, said: “As we broaden our care home horizons with the inclusion of Fairways into the HICA portfolio, we eagerly anticipate the opportunities it presents to enhance the lives of our residents and their families.

“This new venture is part of our ongoing strategy to expand our commitment to delivering exceptional care and support services to the communities we serve.”

He added: “We would like to extend our gratitude to Ian Wilkie of HPC for his invaluable guidance in navigating the complexities of the healthcare property sector and to Marcus Armstrong and the dedicated team at Brabners solicitors for their exceptional support and expertise throughout the acquisition process. Their collective efforts have played a pivotal role in making this acquisition a reality.”

Fairways goes beyond the conventional care facility; it is a purpose-built home offering comfort and companionship. With spacious en-suite rooms on a single floor, the strategic layout ensures easy access to communal areas, fostering an environment for residents to enjoy an active social life.

HPC Director Ian Wilkie, who acted for HICA in the acquisition, said, “we are delighted to have once again been instrumental in the completion of a transaction of a quality care home facility. We would also like to thank selling agent Simon Weightman for his assistance during the process."