NGA Care has successfully completed the sale of a 162-bed care home portfolio in Lincolnshire that specialises in residential and nursing care for the elderly.
Through a highly confidential marketing process, the portfolio, which includes Bunkers Hill in Lincoln and The Valleys care home in Scunthorpe, has been transferred to Derby-based Oak Tree Care Group.
NGA Care managing director Nick Greaves said: “It has been an absolute privilege to have been trusted to sell these two fantastic care homes and the interest that we generated shows that the appetite for quality care homes nationwide continues unabated”.
The two purpose-built care facilities were constructed and run by the former owners for more than 20 years.
Former director Philip Pearson added: “It is with mixed emotions that we have handed these two great homes over to Oak Tree Care Group.
“We would like to thank Nick at NGA for navigating the whole process from expressions of interest to completion.”