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Impact Healthcare REIT PLC on Tuesday said it has invested in six care homes in Shropshire and Cheshire, expanding its offerings in the region.
Impact Healthcare is a London-based real estate investment trust.
The company has invested in a portfolio of six care homes which were owned and operated by Morris Care Ltd.
The purchase price of £56 million is due to be paid partly in cash, and partly with an issue of new shares in the company.
Impact noted that Morris Care enjoys ‘a strong local reputation’ for delivering high acuity care, and has established good working relationships with the local NHS Clinical Commissioning Groups.
The portfolio boasts 438 beds, of which 400 have en-suite bathrooms, with five homes in Shropshire and one in Cheshire.
The homes each have an established track record of delivering strong operational performance. Four of the homes have EPC ratings of B, and two are rated C, with outline strategies in place for achieving an EPC rating of B.
EPC is an energy performance certificate.
Impact Healthcare shares were trading 0.6% higher at 105.00 pence each in London on Tuesday morning.
By Holly Beveridge; Alliance News reporter
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