Hampshire nursing home changes hands for the first time in 53 years
Specialist business property adviser, Christie & Co, has completed the freehold sale of White Rock Nursing Home in Barton-on-Sea, Hampshire.
Owned and operated by the same family since 1971, White Rock Nursing Home is a 30-registered care home benefitting from 24 bedrooms and a strong local reputation for providing an excellent level of care for residents. The business has a ‘Good’ CQC rating and a dedicated staff team, and specialises in providing care for those with dementia.
The home is situated in a quiet tree-lined avenue in the small coastal resort of Barton-on-Sea, on the edge of the New Forest National Park.
Following a confidential sales process with Charles Phillips at Christie & Co, and with funding sourced through Neil Collins at Christie Finance, it has been purchased by Sally and David Price who own another care home in Hampshire as well as a domiciliary care agency.
Siobhan Dodd, Director at White Rock Nursing Home Ltd, comments, “White Rock Nursing Home has been an integral part of our family since we opened the care home in 1971 and it has been a very hard decision to sell, but we felt the time was right to retire from the sector and hand the business onto a new owner. We are delighted that Sally and David will be taking over the care home and with their experience in the care sector we are confident the home is in safe hands.”
Sally Price, new owner of White Rock Nursing Home, comments, “As local residents, David and I have been aware of White Rock Nursing Home for a number of years and, when approached by Christie & Co to see if we would be interested in purchasing it, we were immediately very interested. We already own one care home and also a domiciliary care agency in Hampshire and we believe there will be great synergies amongst our businesses. We look forward to taking over the reins of White Rock and continuing the good care provided at the home.”
Charles Phillips, Director - Healthcare at Christie & Co, comments, “Having been in contact with Siobhan and Finn for a number of years before being instructed to market their care home, we are delighted to have achieved a sale for them. We believe that Sally and David are ideal purchasers for the business, and we are very pleased to have sold them another care home, having assisted them with the purchase of their first care home in Totton. We wish them well with their new business. A very good level of interest was expressed by applicants for this care home and demonstrates that there is strong demand for homes such as this.”
Neil Collins, Senior Consultant at Christie Finance, comments, “Working with Sally and David has been a pleasure. They had a clear objective that they wanted to achieve and, with clear communication, we were able to progress the funding swiftly. I wish them all the best with the new home and hope to work with them again soon.”
White Rock Nursing Home was sold for an undisclosed price.
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For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Manager
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Charles Phillips, Director – Healthcare (South)
P: 07764 241 346 or E: charles.phillips@christie.com
Contact Christie Finance:
Neil Collins, Senior Consultant:
P: 07548 705370 or E: neil.collins@christiefinance.com
Visit Christie & Co’s Business Search page to find out more about current healthcare listings.
