Barchester Healthcare has purchased 24 brighterkind care homes from Terra Firma, for an undisclosed sum.
Barchester has more than 12,000 beds and looks after 11,000 residents and the purchase will see 1,570 extra beds added to the care group’s portfolio.
Barchester Healthcare currently has a 200-strong estate of care services with nursing homes, domiciliary care and six private hospitals.
The properties were originally built by Avery Healthcare and bought by Terra Firma in 2013.
Dr Pete Calveley, Barchester Healthcare chief executive, said: ‘At Barchester, quality of care for our residents is our guiding objective. We are delighted to have the opportunity to acquire these 24 homes from Terra Firma, and look forward to welcoming staff, residents and relatives to the Barchester family.’
A Terra Firma spokesperson said: ‘We are delighted to have agreed the sale of 24 Brighterkind homes to Barchester. Barchester is one of the most established owners of care homes in the UK and we are confident there will be a smooth transition to a new long term owners who can provide continuity of services and care.
The deal is reported to be worth over £160m. Barchester’s revenue reached £621.3m in the year ended 31 December 2018 (2017: £591.2m), up by 5.1per cent.