Care home near Whitchurch is bought from administrators
A care home near Whitchurch which was one of four owned by an operator which collapsed into administration has been sold.
Elmhurst Care Home, in Prees Wood, was part of Claremont Care and Silver Leaf Estates, which went into administration in February last year.
It was put up for sale by administrators AlixPartners with a guide price of £1.5 million, and has now been snapped up by an as-yet unnamed buyer, which has only been identified as an existing care home operator in the Shropshire area.
Elmhurst is registered with the Care Quality Commission to care for 37 people in 37 bedrooms, but planning consent is in place to extend the home with another 60 bedrooms.
AlixPartners said the new owners are "existing and trusted operators in the Shropshire area", adding that they "already have ambitious plans for the home" and that they have an Outstanding CQC report.
The new operators also intend to upgrade all the rooms with the aim of establishing a strong reputation for Elmhurst.
Paul Reilly, associate director specialist property advisor Christie & Co, handled the sale.
He said: “This home generated a lot of interest and numerous offers.
"However, the eventual buyers were found after a best and final offer process. Demand in the market is currently outweighing supply, with many established care home operators looking to expand their portfolio in the Midlands region.”
Other care homes which were part of the Claremont and Silver Leaf groups included Beaumaris Court Care Home and Standford Villa in Newport and The New Barn in Market Drayton.
Beaumaris was picked up by Adams Grammar School to become a residence for boarding pupils, while Standford and The New Barn were sold earlier this year, as were two others outside Shropshire – the Old Vicarage Care Home in Bradmore, Wolverhampton, and Elm House in Stoke-on-Trent.
