Downing-backed Fortava Healthcare, a Peterborough-based dementia and complex care provider, has acquired three care homes in Nottingham previously operated by Medina Group.
The homes, Long Eaton View, Stapleford View and Wilford View, are modern and purpose built and increase Fortava’s total operational capacity to 322 beds.
They add to two 50-bed care homes in Peterborough bought with the support of Downing Private Equity in May last year.
Fortava Healthcare’s co-founder and chief executive, Johann van Zyl, said: “These homes provide an outstanding platform for us to expand our specialist CST-led (cognitive stimulation therapy) model across the Midlands.
“Growing to 322 beds is an important milestone, but our focus remains firmly on quality, innovation and improving outcomes for residents and families.”
Jamie Stuart, co-founder and chief financial officer, added: “This expansion demonstrates the strength of the Fortava platform and the confidence our partners have in our long-term strategy.
“We are building a differentiated care group – one that combines operational excellence, clinical innovation and sustainable growth.
“Nottingham is a natural next step for us, allowing us to extend our specialist and complex care expertise across the Midlands while maintaining the high standards that define Fortava.”
And Ed Motley, investment director at Downing, said: “This acquisition represents significant progression in building a leading platform focused on delivering innovative, person-centred dementia care and we are pleased to support this exceptional management team as they grow the business.”
Downing was advised by Hill Dickinson (legal), Kent Finance (financial and tax), Connell Consulting (commercial), Carterwood (commercial), Care4Quality (operational), Cushman & Wakefield (valuation services), Halo Care (brokerage advisor) and Pinders (building surveys).
Law firm, Browne Jacobson, advised Medina Group.
Vicky Tomlinson of Browne Jacobson said: “This deal arrives at a time when we’re seeing a high volume of activity in the care sector – particularly for well-built, well-run homes – as operators recognise the importance of meeting growing demand for care due to an ageing population.”