Established group of four Plymouth care homes sold
Mannamead Care, a group of four established care homes and an independent living unit in Plymouth, Devon, has been sold to Asim Chaudhary of Smart Care Homes, which currently operates residential care facilities in the South East.
The group comprises Greenacres Care Centre and Greenacres Independent Living in Pearn Road, Seymour Court in Glen Road, and Thorn Park and Charlton House in Mannamead Road.
Combined, they are registered for 156 residents in the category of residential dementia care and nursing.
The homes were previously owned by Phil and Tonya Gerry, who established the group over 20 years ago.
They recently decided to sell to allow them to spend more time with family and overseas.
Following a confidential sales process with Simon Harvey at Christie & Co, the group has been sold to Asim Chaudhary of Smart Care Homes, which is looking to expand into the South West.
Chaudhary said: “I am thrilled to incorporate Mannamead Care into our portfolio and eager to deliver exceptional care.
“We aim to provide person-centred care in a home-from-home environment, supporting each resident to maximise their independence and wellbeing.”
Harvey added: “We carried out a targeted and discrete marketing campaign which resulted in strong interest and multiple bids having been made.
“This sale is an excellent example of the demand in the market for well-run, profitable care home groups.”
The four care homes and the independent living unit were sold for an undisclosed price.