Purpose-built care home purchased by Welford Healthcare

Parkview Gloucester, a 97-bed purpose-built care home, developed and operating since 2016 by Parkview Gloucester, has been purchased by Welford Healthcare in a deal secured by Colliers’ healthcare team.

The full shareholding of the business, which includes 80 ensuite bedrooms and 17 self-contained one- and two-bedroom close care apartments, located in the centre of Gloucester, was purchased for £17.5m following a discreet marketing process.

The care home, which provides palliative, dementia, and end-of-life care is situated on the corner of Trier Way and Southgate Street and has direct access to the 11-acre Gloucester Park.

It will join Welford Healthcare’s portfolio of 33 bespoke care homes across England.

Peter Madden from Welford Healthcare said: “We’re delighted to be adding Parkview Gloucester into our operations.

“The quality building and quality of care at the home fits into the character of our business and the homes that we operate.”

Richard Harris, co-head of healthcare at Colliers, added: “The quality of the development of this property, and the high standards of its management over the last decade, is what helped it stand out in the market.

“We undertook a very-targeted marketing campaign, mindful of the need for discretion so as not to disturb existing residents and we are delighted to have identified an operator who will maintain the ethos of quality care and stability for the residents of the care home.”

Solicitors, HCR Law, advised on the transaction while Welford was represented by Cushman & Wakefield and Clarke Willmott.