Omega Healthcare has acquired a portfolio of care homes previously operated by Four Seasons Health Care Group.

The acquisition comprised a portfolio of 47 care homes, which was the entirety of Four Seasons Health Care Group’s remaining portfolio.

Omega acquired 45 care homes located in the UK and Jersey, which will be leased to six operating partners under triple-net  (FRI) leases, including Gold Care Homes, Harbour Healthcare, SpringCare, Belmont Healthcare, and Jersey-based LV Care Group.

The final two homes were acquired freehold by Gold Care Homes.

As a US-based group, Omega approached the Four Seasons deal in line with its existing investment in UK care homes – accretive investment opportunities which further diversify Omega’s asset classes and funding streams.

Vikas Gupta, Omega’s chief investment officer, said: “We’d like to thank the Four Seasons team for their professionalism throughout the process and partnership in overcoming numerous hurdles involved in such a complex transaction, as well as our six operating partners who were very flexible in ensuring a single closing, despite different regulators across three countries.

“As a result of our scale, reputation, and strong operator base across the UK, we’re able to quickly evaluate, structure, and close on complex transactions like the Four Seasons portfolio, which was completed in less than six months from award.

“We’ll continue to support our operating partners’ growth strategies and look forward to continued investment in the UK.”

Richard Lunn, managing director of care at Christie & Co, who advised on the deal, added: “Our relationship with the team at Omega is based on many years of transactions.

“Given our knowledge of the properties involved in the transaction and the wider UK healthcare market, Omega took the unprecedented decision to appoint Christie & Co as its UK agent to act on its behalf on such a significant landmark process.”

Michael Hodges, managing director of capital markets at Christie & Co, said: “With our team having originally worked with Four Seasons to deliver the sale of 66 homes through the original Project Oak process, it is fantastic that we have been able to work with Omega to deliver this excellent solution for the remainder of the portfolio”.

The remainder of the portfolio was sold at a valuation of £241,750,000.