Highly regarded care provider sold to Only Care Limited
Specialist business property adviser, Christie & Co, has announced the sale of Bank House Care Homes which comprises a portfolio of two purpose-built care homes in Nottinghamshire.
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Established by Trish and Kris Sooriah in 2000, Bank House Care Homes is a family-run business that has evolved into a highly successful care provider. Over the years, it has established an enviable reputation as one of the most respected providers in Nottinghamshire, enjoying unprecedented success with its two most recently constructed state-of-the-art, purpose-built care homes, Ashcroft and Willowcroft, which now make up the entirety of the business’s care home portfolio.
Built in 2011, Ashcroft offered an immediate solution for the lack of high-quality accommodation backed by high-quality care. After a successful launch and mature occupancy, Willowcroft was added to the portfolio in 2014 to meet further demand and was built to the owner’s specification, offering specialist dementia care.
Both homes are situated on the same site, close to Sutton-in-Ashfield town centre in Nottinghamshire.
The business has been purchased by Only Care Limited, a family-run operator established in 2007, which caters to residential, nursing and dementia care needs across England.
Speaking on behalf of Only Care limited, Director, Rishi Dhamecha, comments, “We are excited to have completed on the acquisition of these two purpose-built care homes in Sutton-in-Ashfield, Nottinghamshire. Both homes have a fantastic reputation and share the same family values as us. We look forward to working closely with the team to continue the outstanding levels of care. We also wish Patricia Sooriah and her family well in their next endeavours.”
Lee Howard, Regional Director – Healthcare at Christie & Co, who handled the sale, comments, “It has been a pleasure to act for Kris and Trish over the years, having been involved in selling them Ashcroft in 2011. It is a fitting tribute to the late Kris Sooriah and Trish’s continuation to see the units become two of the most respected homes in the Midlands and we were honoured to act in selling them to Only Care.”
Bank House Care Homes was sold for an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Lee Howard, Regional Director – Healthcare
P: 07764 241 339 or E: lee.howard@christie.com