A BRAINTREE nursing home is preparing to expand after being bought out.
Specialist business property adviser, Christie & Co, has announced the sale of the Braintree Nursing Home in Coggeshall Road.
The facility is currently rated ‘good’ and is registered to care for adults with dementia, mental health conditions, physical disabilities, sensory impairments, and substance misuse problems.
The home, near Braintree town centre, is registered for 51 residents and has 41 bedrooms spread across two separate, two-storey buildings which have been refurbished in recent years.
It has been owned by Tony McLean and Conor Gallagher of Excellence in Care Group since May 2021 but has now been bought by Emilda Healthcare for an undisclosed price following a confidential sales process.
The new owners have been in the care sector for more than 20 years and are said to bring a wealth of nursing home management experience to the business.
The say their medium-term plan is to “build a new wing and add a further 11-bed facility within the home”.
The previous owners said: “We are delighted that the home will continue to trade under the leadership of Emilda Healthcare Limited, and that they will continue the legacy of Braintree Nursing Home of serving the local community since it was first established by Vic and Sue Dixon.”
Jordan Oborne, of Christie & Co, who handled the sale, said: “Our client required a transaction with exceptionally quick completion.
“As a result, we took the unusual step to specifically market seeking cash offers.
“Interested buyers viewed our data pack before submitting tentative offers prior to the buyer being selected.
“Our client and the buyer worked well together to achieve the completion in a short space of time.
“This sale further demonstrates the strength of buyer appetite for care homes with strong underlying asset values.”
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