REG - Anchor Hanover Group - Acquisition of 11 Care Homes
03/11/2022 09:00
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RNS Number : 2051F Anchor Hanover Group 03 November 2022
RNS Announcement
Anchor Hanover Group
3 November 2022
Anchor completes acquisition of Halcyon Care Homes Topco Limited
Anchor, England's largest not-for-profit provider of care and housing for
older people, completes latest expansion with a further 11 residential care
homes
Anchor has completed its previously announced deal to acquire the entire share
capital of Halcyon Care Homes Topco Limited ("HC Topco").
The purchase completed on the 2 November upon transfer of CQC registrations
and brings the total number of care homes currently operated by Anchor to 125.
The acquisition is a key part of Anchor's Business Plan to have more and
better homes where people love living in later life.
The deal substantially increases Anchor's care home estate and is the biggest
care home acquisition by Anchor in recent years, following the purchase of 24
care homes from LNT Group and five care homes from Cavendish Healthcare Group
in 2015. Five homes were also acquired from Hadrian Healthcare Group in 2019,
with a further two expected to complete in 2023 and 2024
Anchor Chief Executive Sarah Jones said: "Our Business Plan details a clear
strategy of growth. The addition of these purpose-built homes - and the
skilled teams who work in them and within their support function - enable us
to bring the Anchor brand of high-quality, person-centred care to a greater
range of areas across England.
"Our two organisations have much in common in terms of organisational values
and a commitment to innovate and continually improve our services to older
people. I'm therefore very pleased to welcome the homes' residents and
colleagues to the Anchor family."
ENDS
Anchor Hanover Group
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