Opened in 2012, The Wolds Care Centre provides en-suite accommodation for 66 people, together with a range of facilities including an on-site café and cinema.
The home has been transferred to The HICA Group on a new 30 year lease. Bluebrick Group have retained the freehold interest, which will complement the company’s diverse portfolio of investments across a number of sectors. Mike Bullas, founder of Bluebrick Group commented, “We have been very proud of the quality of care and environment provided at The Wolds Care Centre since we built and opened the home. Whilst we are sorry to see the operation leave the group, we are sure that the HICA team will continue to deliver a first class service to the families of Louth and the surrounding area for many years to come.”
The home, which is rated as ‘Good’ by the Care Quality Commission (CQC), will add a further 66 beds to The HICA Group’s portfolio, which includes 16 other care homes, 11 for older people and 5 for people with a learning disability. These sit alongside their 4 domiciliary care branches, supporting over ten thousand hours of care and support in the community each week week and their two purpose-built retirement villages.
Terry Peel, Chief Executive Officer of The HICA Group said: “We are extremely pleased to have added The Wolds Care Centre to the HICA Family. I would like to extend a warm welcome to the residents, staff and family members and we look forward to working alongside them. We have been working closely with Bluebrick Care for several weeks to ensure we achieve a smooth transfer of services.
HPC Director Ian Wilkie, who arranged the transaction, commented "We are delighted to have once again achieved a successful outcome for long-standing client Bluebrick Care. The Wolds Care Centre is a first class care facility, and the completion continues a series of deals involving prime care assets which we have transacted. It was also a pleasure to deal with Terry and the HICA team".
Bluebrick were advised by Keebles LLP law firm and Hawsons chartered accountants, with HICA advised by Windles Solicitors.