DC Care has recently completed the sale of Summerfields Care Home in Branston, close to Burton on Trent in Staffordshire on behalf of our client, Mrs Annette Gilliland. The new owners are Mr and Mrs Patel; first time buyers who are venturing into healthcare, with support and mentoring from a close friend who is already an operator.
Bank funding was dependent upon the more experienced party becoming an equity partner in the care home. Chris Field of Christie and Co Finance, who sourced the funding for the buyers commented: “I’m absolutely delighted to help the Patel’s acquire their first Care Home business. I’m convinced this is the ideal Home for them, as the previous owner’s hard work building up such a good reputation makes this a turnkey operation. Funding in this market is not always straightforward which is why it’s essential solutions are tailored to fit the clients’ needs. I’m confident the Patel’s will be well suited to the business and wish them all the best with this exciting new venture outside of the Pharmacy world.”
Alison Willoughby, DC Care Regional Director appraised the business and oversaw the sale. Alison said: “We are always mindful that selling is one of the largest decisions an owner can take and can be daunting. I’m so pleased we were able to help Annette and although a previous sale fell through, we were able to quickly identify another purchaser. When a care business is being sold, it has to be business as usual for the owners, with as little disruption to the care home as possible. We worked hard to ensure we kept our client involved and updated. Annette obviously appreciated our efforts and has kindly provided us with a testimonial. We were also able to provide Annette with the names of solicitors we have worked with in the past. Annette chose Joanna Dawson, of Dawson Radford. Jo has worked with us on many transactions over the years and is held in high regard by her clients.”
Speaking about her experience, Annette writes: “Dear Alison, I would like to thank you and your team, Lisa and Jonathan, for the endless support you gave during the sale of Summerfields Rest Home. The professionalism and attitude of the whole team was fantastic, reassuring and never faltered. You were always available when needed – including those stressful moments, going that extra mile and keeping your word. Your team liaised with all parties in a proactive manner keeping them fully informed at every stage. I was extremely grateful that you were able to recommend such a competent, knowledgeable and approachable Solicitor, Joanna Dawson from Dawson Radford who was always contactable, returned calls and ahead of her game. I would have no hesitation in recommending DC Care for anyone considering selling or purchasing a Health Care Business.”
Alison and her team wish Annette the very best in her well-earned retirement.